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Hannan Metals Restricted (TSXV: HAN,OTC:HANNF) (OTC Pink: HANNF) (“Hannan” or the “Firm”) proclaims that the Firm has closed the second and remaining tranche (the “Second Tranche”) of its beforehand introduced non-brokered non-public placement providing underneath the Listed Issuer Financing Exemption (the “Providing”). Pursuant to the closing of the Second Tranche, the Firm has issued 2,831,924 frequent shares (the “Widespread Shares”) at a value of $0.75 per Widespread Share (the “Providing Value”) for gross proceeds of C$2,123,943. When mixed with the closing of the primary tranche (C$7,034,810), introduced by the Firm on November 20, 2025, the Firm has raised gross proceeds of C$9.1 million underneath the Providing.
Michael Hudson, Chairman and CEO of Hannan Metals, said: “We’re happy to have closed our financing and grateful to the shareholders who participated within the Providing. The robust help from each new and current buyers displays confidence in our exploration technique and the prospectivity of our Peruvian initiatives. With C$9.1 million now raised, Hannan is well-funded to proceed advancing drill packages at Belen and to progress allowing at Previsto. We thank our shareholders for his or her continued help as we work to unlock the potential of our gold-copper portfolio in Peru.”
The Firm intends to make use of the web proceeds of the Providing to fund exploration expenditures on the Firm’s initiatives in Peru, together with to proceed to advance the drill program on the Belen gold-copper prospects (DIA Valiente), geological and drill allowing work on the Previsto gold-copper venture (DIA Amacener) and for basic company and administration prices and basic working capital.
The Providing is topic to the Firm receiving remaining approval from the TSX Enterprise Alternate. The Firm paid C$102,011.55 money finder’s charges to arm’s size finders engaged in reference to the closing of the Second Tranche.
This information launch doesn’t represent a suggestion to promote or a solicitation of a suggestion to purchase nor shall there be any sale of any of the securities in any jurisdiction wherein such provide, solicitation or sale can be illegal. The securities haven’t been and won’t be registered underneath america Securities Act of 1933, as amended (the “U.S. Securities Act“), or the securities legal guidelines of any state of america and will not be provided or bought inside america (as outlined in Regulation S underneath the U.S. Securities Act) until registered underneath the U.S. Securities Act and relevant state securities legal guidelines or pursuant to an exemption from such registration necessities.
About Hannan Metals Restricted (TSXV: HAN,OTC:HANNF) (OTC Pink: HANNF)
Hannan Metals Restricted is an exploration firm targeted on the identification and delineation of huge gold and copper mineralizing methods in new frontiers in Peru. During the last decade, the staff behind Hannan has cast an extended and profitable report of discovering, financing, and advancing mineral initiatives in Australia, Europe and South America.
Ahead-Wanting Statements. Sure disclosure contained on this information launch could represent forward-looking data or forward-looking statements, throughout the which means of Canadian securities legal guidelines. These statements could relate to this information launch and different issues recognized within the Firm’s public filings. In making the forward-looking statements the Firm has utilized sure elements and assumptions which can be based mostly on the Firm’s present beliefs in addition to assumptions made by and knowledge presently accessible to the Firm. These statements handle future occasions and situations and, as such, contain recognized and unknown dangers, uncertainties and different elements which can trigger the precise outcomes, efficiency or achievements to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by the statements. These dangers and uncertainties embody however should not restricted to: the supposed use of proceeds from the Providing; the political setting wherein the Firm operates persevering with to help the event and operation of mining initiatives; the risk related to outbreaks of viruses and infectious ailments; the Firm’s expectations concerning its mineral initiatives; market situations, the preliminary nature of the Firm’s operations; dangers associated to detrimental publicity with respect to the Firm or the mining business normally; deliberate work packages; allowing; and neighborhood relations. Readers are cautioned to not place undue reliance on forward-looking statements. The Firm doesn’t intend, and expressly disclaims any intention or obligation to, replace or revise any forward-looking statements whether or not because of new data, future occasions or in any other case, besides as required by legislation.
Neither the TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this information.
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