RSS SubscribeVancouver, British Columbia – October 31, 2025 – Torr Metals Inc. (“Torr” or the “Company”) (TSX-V: TMET.V), is pleased to announce that it has closed its previously announced non-brokered private placement (the “Offering”), raising gross proceeds of $5,341,058 through the sale of:
12,559,729 charity flow-through units (the “Charity FT Units”) at a price of $0.208 per Charity FT Unit. Each Charity FT Unit consists of one (1) FT Share and one-half (1/2) of a common share purchase warrant (each whole warrant, a “Charity FT Unit Warrant”). Each Charity FT Unit Warrant entitles the holder to acquire one (1) Warrant Share at a price of $0.21 per share until October 30, 2027.
6,439,706 flow-through units (the “FT Unit”) at a price of $0.17 per FT Unit. Each FT Unit consists of one (1) flow-through common share of the Company (a “FT Share”) and one-half (1/2) of a common share purchase warrant (each whole warrant, a “FT Unit Warrant”). Each FT Unit Warrant entitles the holder to acquire one (1) additional non flow-through common share of the Company (a “Warrant Share”) at a price of $0.25 per share until October 30, 2027.
12,568,345 non flow-through units (the “Units”) at a price of $0.13 per Unit. Each Unit consists of one (1) non flow-through common share of the Company (a “Share”) and one-half (1/2) of a common share purchase warrant (each whole warrant, a “Unit Warrant”). Each Unit Warrant entitles the holder to acquire one (1) additional Warrant Share at a price of $0.21 per share until October 30, 2027.