Loyalist Exploration targets $1.5 million in C$ 0.04-share private placement

Reuters2026/08/10 12:15

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Loyalist Exploration Limited launched a non-brokered private placement of up to 37,500,000 common shares at $0.04 each for up to $1.5 million.
The financing includes an option to issue up to 12,500,000 additional shares at $0.04 for up to $500,000 more.
Proceeds target 43-101 technical reports, a resource estimate, a preliminary economic assessment for Tully, permitting work, property payments, working capital.
Separately, up to $200,000 of debt will be settled via up to 5,000,000 shares at $0.04 to certain individuals, including officers.
First closing is expected on or about Aug. 31, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Loyalist Exploration Limited published the original content used to generate this news brief via TheNewswire (Ref. ID: 202608100815TNWSWRCACNPR_____1AXXFg65m) on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Loyalist Exploration targets $1.5 million in C$ 0.04-share private placement

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