Mink Ventures Raises $882K in First Tranche of Private Placement Amid Dilution and Related-Party Insider Purchases
Mink Ventures Corporation raised gross proceeds of $881,920 on June 2, 2026, through the first tranche of a non-brokered private placement originally announced May 12. A second and final closing is expected in mid-June.
manilatimes.netMink Ventures Corporation closed the first tranche of its non-brokered private placement on June 2, 2026, raising gross proceeds of $881,920. 13 each. 20 for 36 months.
Each flow-through unit includes one flow-through share and one warrant with identical terms. All securities from this tranche carry a statutory hold period expiring October 3, 2026. Certain directors and officers purchased 257,000 flow-through units in the placement.
The transaction qualifies as a related-party deal under Multilateral Instrument 61-101 but is exempt from valuation and minority-approval requirements because the value does not exceed 25 percent of the company’s market capitalization. 20 for 36 months. All finder’s fees comply with applicable securities rules and exchange policies.
The company plans to direct net proceeds from the flow-through units toward exploration and advancement of its Timmins-area critical minerals projects, which cover 115 square kilometres. The private placement remains subject to final approval by the TSX Venture Exchange. A second and final closing is scheduled for mid-June 2026.
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