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Posted by
Two Blokes Apr 17 -
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April 17, 202 5 , London, Ontario – TheNewswire - Abitibi Metals Corp. (CSE:AMQ) (OTCQB:AMQFF) (FSE:4KG) (“Abitibi” or the “Company”) is pleased to announce that, subsequent to the closing of the bought deal prospectus offering on April 10, 2025, it has closed on an additional non-brokered private placement (the “Offering”) raising gross proceeds of $500,000 through the issuance of 1,785,714 common shares (“Shares”) at a price of C$0.28 per Share subscribed by SIDEX Limited Partnership. Jonathon Deluce, CEO of Abitibi, stated, “Following the recent closing of our $10 million financing, we are pleased to welcome SIDEX as a strategic investor in Abitibi Metals. Their support represents a strong endorsement of both our technical team and our growth strategy for the B26 flagship project. This additional investment further reinforces our strong financial position as we continue to advance our exploration and development initiatives in Québec. With a solid treasury, we remain fully funded through 2027 and are well-positioned to deliver sustained value for shareholders as we execute our strategy to build a leading metals company in the Abitibi greenstone belt. We greatly appreciate the continued support of our existing shareholders and are excited to welcome new investors who further strengthen our shareholder registry.”
