Azarga Metals Corp. (TSX-V:AZR) has announced a proposed non-brokered private placement of up to 13,888,889 common shares at $0.18 per Share. The financing could generate gross proceeds of up to $2.5 million, but remains subject to regulatory and other conditions and has not been presented as completed.
The company said it intends to use the proceeds to advance exploration at its 100% owned high-grade copper-rich VMS Marg project in the Keno Hill Silver District of the Yukon Territory. Funds are also intended for general working capital purposes.
Finder's fees may be payable in connection with the placement, subject to acceptance by the TSX Venture Exchange.
The proposed placement requires all necessary regulatory and other approvals, including approval from the TSX Venture Exchange. The company has also stated that the securities issued under the transaction will carry a four-month and one-day hold period under applicable securities laws.
The securities have not been registered under the United States Securities Act of 1933, as amended, or under United States state securities laws. They may not be offered or sold in the United States, or to or for the account or benefit of U.S. persons, unless registration or an available exemption applies. The announcement does not constitute an offer to sell securities or a solicitation of an offer to buy them.
Azarga Metals said forward-looking statements in the announcement relate to completion of the placement, the proposed use of proceeds, regulatory acceptance and exploration results at the Marg project. The company cautioned that these statements depend on assumptions and involve risks and uncertainties.
The risks identified include the condition of equity financing markets and the results of future exploration activities. Azarga Metals said actual results, performance or achievements could differ materially from those expressed or implied, and that there can be no assurance that anticipated events will occur or what benefits may result.
The announcement was dated September 8, 2026. It identified Gordon Tainton as President and Chief Executive Officer. The release also stated that the TSX Venture Exchange and its Regulation Services Provider do not accept responsibility for the adequacy or accuracy of the release.
Azarga Metals Corp. (TSX-V:AZR) has announced a non-brokered private placement of up to 13,888,889 common shares at a price of $0.18 per Share, for gross proceeds of up to $2.5 million. The announcement does not state that the placement has been completed.
The Company intends to use the proceeds to advance its exploration programme on its 100% owned high-grade copper-rich VMS Marg project, located within the Keno Hill Silver District of the Yukon Territory, and for general working capital purposes.
The private placement is subject to certain conditions, including receipt of all necessary regulatory and other approvals, including approval of the TSX Venture Exchange. Finder’s fees may also be payable, subject to acceptance by the Exchange.
The securities issued in connection with the private placement will be subject to a four-month and one-day hold period under applicable securities laws.
The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws. They may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available. The release states that it does not constitute an offer to sell securities or a solicitation of an offer to buy securities.
The Company states that forward-looking statements concerning completion of the private placement, intended uses of proceeds, regulatory acceptance and exploration results involve assumptions, risks and uncertainties. These include risks associated with the state of equity financing markets and the results of future exploration activities. The Company says actual results, performance or achievement could differ materially from those expressed or implied, and that no assurance can be given that anticipated events will transpire or what benefits the Company may derive from them.
The announcement is dated September 8, 2026. Azarga Metals identifies Gordon Tainton as President and Chief Executive Officer and provides www.azargametals.com as its website. The release states that neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of the release.