On November 27, 2025, Sun Peak Metals Corp. closed the oversubscribed transaction. The company issued 19,053,206 subscription receipts at an issue price of CAD 0.35 for gross proceeds of CAD 6,668,622.1. Insiders of the company subscribed for a total of 500,000 FinCo subscription receipts and 1,730,000 company's subscription receipts of the offering, for aggregate gross proceeds of CAD 780,500.
In connection with the offering, the company and FinCo have agreed to pay cash finder?s fees to certain finders equal to 6% of the gross proceeds raised by each finder for an aggregate of CAD 131,121.46 and issued to finders 299,760 non-transferable finder?s warrants of FinCo and 56,873 non-transferable finder?s warrants of the company, representing 6% of the aggregate number of subscription receipts sold to purchasers introduced to the company by such finders, which will be exercisable upon conversion of the subscription receipts. Each FinCo finder warrant, and company finder warrant are exercisable to acquire, respectively, one common share of FinCo and one common share of the company, at a price of CAD 0.50 per share, for a period of thirty-six months from the date of closing the offering, subject to acceleration in certain situations. The offering is subject to the final approval of the TSX Venture Exchange.
All securities issued pursuant to the offering are subject to a four-month and one-day hold period from the date of closing the Offering,
