Company: PRMLF
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-010011
Chunk: 136

Company: NexMetals Mining Corp.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 1A
Chunk 136
---
 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  
    RSUs 
     N/A  
     675,000 
  
    March 20, 2025  
    RSUs 
     N/A  
     1,250,000 

Notes:

    (1)
    These Common Share purchase warrants were issued as part of the sale of units described in Note 1 to the table above, under the heading “Unregistered Sales of Equity Securities and Use of Proceeds – Common Shares”.

    (2)
    These Common Share purchase warrants were issued as part of the debt conversion described in Note 2 to the table above, under the heading “Unregistered Sales of Equity Securities and Use of Proceeds – Common Shares”.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

Insider Trading Arrangements

During the three months ended March 31, 2025, none
of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted, modified or terminated a Rule 10b5-1 trading arrangement
or non-Rule 10b5-1 trading arrangement (as