Loyalist Announces Closing of First Tranche of Non-Brokered Private Placement

Toronto, Ontario – TheNewswire – August 31, 2026 – Loyalist Exploration Limited (CSE:PNGC) (“Loyalist” or the “Company”) is pleased to announce the closing of the first tranche (the “First Tranche” ) of its previously announced non-brokered private placement (the “Offering” ), consisting of the sale of 25,000,000 common shares in the capital of the Company ( “Common Shares” ) at a price of $0.04 per Common Share for gross proceeds to the Company of $ 1,000,000. The Offering was previously announced in the Company’s press release dated August 10, 2026. The proceeds from the First Tranche will be used to complete ongoing 43-101 technical reports including a resource estimate and preliminary economic assessment on the Company’s Tully project and on-going production permitting work at Tully, property payments and as well as general working capital. In connection with the First Tranche, the Company paid finder’s fees of $37,200 in cash to Haywood Securities Inc. ( “Haywood” ) and issued 930,000 non-transferrable broker warrants to Haywood (the “Broker Warrants” ). Each Broker Warrant entitles Haywood to acquire one Common Share at an exercise price of $0.075 per Common Share until Augus

Forfait Gratuit · Plus 29 $ CA ou Pro 99 $ CA/mois