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Peloton Minerals Corporation
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News: PMCCF
Peloton Closes a Second Tranche of Financing Bringing the Total to $1,442,249.91
July 9, 2026 – TheNewswire - London, Ontario – Peloton Minerals Corporation (“Peloton” or the “Company”) (CSE Symbol: PMC; OTCQB Symbol: PMCCF)) has closed the second tranche of a non-brokered private placement financing previously announced as planned on May 19, 2026. The total proceeds received in the second tranche were $411,750.00 bringing the total financing to $1,442,249.91. A third tranche on similar terms is expected to close later this month. The financing was priced at CDN$0.09 per unit with each unit consisting of one common share and one common share purchase warrant exercisable for three years at $0.12. The Company paid fees equal to eight percent of the funds raised and issued ten percent of the units issued in the form of broker warrants exercisable into a unit of the offering at the offering price for sixty months. The proceeds of the private placement will be used for lithium and critical mineral exploration in northern Nevada and working capital. The private placement was conducted in reliance upon certain prospectus exemptions, including the exemption allowing issuers to raise capital by distributing securities to existing shareholders (the “Existing Shareholder Exemption”) contained in OSC Rule 45-501 (2.9) and the various corresponding blanket orders and rules of participating jurisdictions (with the exception of Newfoundland and Labrador) as well as other available prospectus exemptions, including sales to accredited investors and close personal friends and business associates of directors and officers of the Company. The Company set May 19, 2026, as the record date for the purpose of determining existing shareholders entitled to purchase Shares pursuant to the Existing Shareholder Exemption.
CEO.CA Insights: Exclusive Interviews from THE Mining Investment Event 2026
Toronto, Ontario--(Newsfile Corp. - June 25, 2026) - CEO.CA, the leading investor social network in junior resource and venture stocks,
