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Graphano Energy amends private placement to add flow-through shares

Graphano Energy amends private placement to add flow-through shares

Graphano Energy Ltd. has amended its private placement to include flow-through shares. The offering, initially planned to consist of up to 12 million units at $0.075 per unit, has been restructured into two components with the same total fundraising target. The revised offering includes up to 8,640,000 non-flow-through units and up to 2,800,000 flow-through shares.

The flow-through shares will be used to cover eligible Canadian exploration expenses related to critical mineral mining activities in Québec. Proceeds from the non-flow-through units will be allocated for exploration activities and working capital purposes. The offering requires regulatory approvals and a four-month-and-one-day statutory hold period for all securities issued.

Graphano Energy is an exploration and development company focused on energy metals resources, with its Lac Aux Bouleaux property in Québec.

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