SAGA Metals Ignites Future with Strategic Non-Brokered Private Placement

SAGA Metals Corp. (TSXV: SAGA) is gearing up for an exciting phase of growth and exploration, announcing a significant non-brokered private placement aimed at fortifying its financial position. This strategic move is set to raise gross proceeds of up to CDN$1,000,000, underscoring the company’s commitment to advancing its mineral properties and general working capital requirements.

The offering consists of up to 10,000,000 units, each priced at a compelling CDN$0.10.

Every unit is a comprehensive package, comprising one common share of SAGA Metals and one common share purchase warrant. This structure offers investors an attractive upside, as each warrant will entitle the holder to acquire an additional common share at CDN$0.15 for a period of 24 months from the closing date of the placement.

A strong vote of confidence in SAGA Metals' trajectory comes from within its own ranks.

A director of the Company has indicated their intent to participate in a lead order, a testament to the belief in the company's prospects and the strategic importance of this financing round. Such insider participation often signals robust internal conviction and alignment of interests with shareholders.

The net proceeds generated from this private placement are earmarked for critical initiatives.

Primarily, a substantial portion will be directed towards the exploration and development of SAGA Metals’ promising mineral properties. This vital funding will enable accelerated drilling programs, detailed geological surveys, and other essential groundwork, propelling the company closer to significant discoveries.

Additionally, a portion of the funds will bolster the company's general working capital, ensuring operational flexibility and supporting ongoing corporate activities.

While this is a non-brokered placement, the company reserves the right to pay eligible finders a cash commission and/or issue finder's warrants.

The terms of any such compensation will adhere strictly to the policies of the TSX Venture Exchange. Each finder's warrant would typically be exercisable into one common share at the unit price for a period of 24 months from closing.

All securities issued under this private placement will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws.

This ensures a stable market for the newly issued shares. The entire offering remains subject to the final approval of the TSX Venture Exchange, a standard regulatory step that ensures compliance and investor protection.

This private placement marks a pivotal moment for SAGA Metals, providing the necessary capital injection to drive forward its exploration objectives and strengthen its overall financial health, ultimately aiming to enhance shareholder value and unlock the full potential of its assets.