Company: PRMLF
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-010011
Chunk: 119

Company: NexMetals Mining Corp.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 3
Chunk 119
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 Equity Securities
and Use of Proceeds

The following table outlines the number of Common
Shares and securities that are convertible into Common Shares issued by the Company pursuant to Section 4(a)(2) of the Securities Act
of 1933, as amended (the “Securities Act”) as a transaction not involving a public offering and Rule 506 promulgated
under the Securities Act, during the three months ended March 31, 2025.

Commons Shares

    Date of
    Issuance

    Price
    per Common
    Share ($)
     
    Number of Common Shares
     
    Proceeds

    Reason
    for Issuance
  
    March 18, 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