TORONTO, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Moon River Moly Ltd. (TSXV:MOO) (OTCQB:MRIVF) ("Moon River" or the "Company") is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. (the "Lead Agent"), on its own behalf and, if applicable, on behalf of a syndicate of agents (collectively, the "Agents") in connection with a "best efforts" private placement of up to 10,588,235 units of the Company (the "Units") at a price of $0.85 per Unit (the "Offering Price") for gross proceeds of up to approximately $9,000,000 (the "Offering"). The Company has also granted the Agents an option to sell up to an additional 15% of the Units, exercisable by notice in writing to the Company, at any time not less than 48 hours prior to the Closing Date (as defined below). The Offering is subject to raising minimum gross proceeds of $2,800,000.
Each Unit will consist of one common share of the Company (each, a "Common Share") and one half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share (each, a "Warrant Share") at price of $1.15 per Warrant Share for a period of 24 months from the Closing Date, provided that the Warrants may not be exercised for a period of 60 days following the Closing Date.
The Units will be offered (i) pursuant to the "listed issuer financing exemption" under Part 5A of National Instrument 45-106, Prospectus Exemptions ("NI 45-106"), as amended and supplemented by Coordinated Blanket Order 45-935 Exemptions from Certain Conditions of the Listed Issuer Financing Exemption of the Canadian Securities Administrators (the "LIFE Exemption") in each of the provinces of Canada, other than Québec; and (ii) in offshore jurisdictions, pursuant to available exemptions from the prospectus, registration or other similar requirements in such offshore jurisdictions, such that no prospectus, registration statement or similar document is required to be filed in any such offshore jurisdiction, in each case, in accordance with applicable laws. The securities issued under the LIFE Exemption will not be subject to a statutory hold period in Canada pursuant to applicable Canadian securities laws.
There is an offering document (the "Offering Document") related to the Offering that can be accessed under the Company's profile ...
