VANCOUVER, British Columbia, June 11, 2026 (GLOBE NEWSWIRE) -- Yukon Metals Corp. (CSE:YMC, FSE: E770, OTCQB:YMMCF) ("Yukon Metals" or the "Company") is pleased to announce that it has completed its previously announced "best efforts" agency based private placement, consisting of (i) 6,885,964 "flow-through" units of the Company (the "FT Units") at a price of C$0.57 per FT Unit, and (ii) 18,050,000 units of the Company (the "HD Units") at a price of $0.50 per HD Unit, for aggregate gross proceeds of approximately C$13 million (the "Offering"). The FT Units and the HD Units are collectively referred to herein as the "Offered Securities".
Each Offered Security consists of one common share in the capital of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share at a price of C$0.75 until June 11, 2028. Each Common Share and one-half of one Warrant comprising the FT Units qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act")).
"The completion of this financing provides the capital to advance drilling at our copper-gold properties," says the Company's CEO Jim Coates. "Funds will also support target generation across our broader Yukon portfolio."
The Offering was co-led by ATB Cormark Capital Markets and Canaccord Genuity Corp. on behalf of a syndicate of agents, including Haywood Securities Inc. (together, the "Agents"). The Agents received a cash commission equal to 6.0% of the gross proceeds of the Offering, excluding the approximately C$1.4 million worth of Offered Securities sold to purchasers settling directly with the Company (the "Direct Settlers") on which a cash commission was not paid. Approximately C$4.70 million worth of Offered Securities were sold to certain purchasers identified by the Company on a president's list. As additional consideration for their services, the Agents were also issued compensation warrants (the "Compensation Warrants") equal to 6.0% of the number of Offered Securities issued pursuant to the Offering, other than with respect to Offered Securities issued to Direct Settlers for which no Compensation Warrants were issued. Each Compensation Warrant entitles the holder thereof ...
