Company: PRMLF
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-010011
Chunk: 73

Company: NexMetals Mining Corp.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 1
Chunk 73
---
 2025
     
    0.30
     
    153,333,334(1)
     
    $46,000,000
     
    Non-brokered private placement
  
    March 18, 2025
     
    N/A
     
    69,607,843(2)
     
    N/A
     
    Debt conversion
  
    March 18, 2025
     
    N/A
     
    16,336,709(3)
     
    N/A
     
    Advisory services
  
    March 18, 2025
     
    N/A
     
    4,000,000(4)
     
    N/A
     
    Finder’s fee

Notes:

    (1)
    Issuance is for units of the Company at a price of $0.30 per unit, with each unit comprised of one Common Share and one-half of one Common Share purchase warrant with each whole warrant entitling the holder thereof to purchase one Common Share at a price of $0.55 for a period of three years.

    (2)
    Issuance is for units of the Company in full satisfaction of the $20,882,353 Term Loan, with each unit comprised of one Common Share and one Common Share purchase warrant with each warrant entitling the holder thereof to purchase one Common Share at a price of $0.40 for a period of three years.

    (3)
    These advisory services were provided in connection with the non-brokered private placement and debt conversion.

    (4)
    Issued in connection with the non-brokered private placement.

47

Convertible Securities

    Date of Issuance  
    Security 
    Exercise Price per Security ($)  
    Number of Securities 
  
    March 18, 2025  
    Warrants(1) 
     0.55  
     76,666,667 
  
    March 18, 2025  
    Warrants(2) 
     0.40  
     69,607,843 
  
    March 18, 2025  
    Stock options 
     0.50  
     5,750,000 
  
    March 18, 2025  
    RSUs 
     N/A  
     1,250,000 
  
    March 19, 2025