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SAGA Metals Appoints Vernon Shein, Former Exploration Manager at B2Gold, to its Board of Advisors
Financing Structure and Investment Strategies of Saga Metals Corp.
Saga Metals Corp. is strategically positioned to lead in the exploration of critical minerals essential for sustainable energy transition. This overview outlines the company’s recent financing efforts, detailing the structure of its offerings and its marketing strategies to enhance investor awareness.
Financing Breakdown
Flow-Through and HD Units
Saga Metals is offering two types of investment units: Flow-Through Units (FT Units) and Hard Dollar Units (HD Units).
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FT Units: Each FT Unit comprises one flow-through common share (referred to as "FT Share") and a transferable common share purchase warrant ("Warrant"). For a period of 24 months from the closing date, each Warrant allows the holder to purchase one common share ("Warrant Share") at a share price of C$0.50. Importantly, the Warrant and the Warrant Shares do not qualify for flow-through status under the Income Tax Act of Canada.
- HD Units: Each HD Unit includes one common share ("HD Share") alongside one Warrant, offering the same purchase rights as described for FT Units.
Both types of Warrants can be accelerated at the company’s discretion if the company’s share price exceeds C$0.75 for ten consecutive trading days.
Use of Proceeds
The gross proceeds from the FT Units will primarily fund Canadian exploration expenses focused on critical minerals in the company’s high-value assets, such as the Double Mer Uranium Project in Labrador. Conversely, the proceeds from HD Units will cater to general administrative costs and working capital needs.
Regulations and Compliance
Notably, the securities related to this offering are not registered under the U.S. Securities Act of 1933. Therefore, selling within the United States is restricted unless exemptions apply. Following the offer, all securities will be subject to a four-month and one-day hold period in alignment with applicable securities regulations.
Marketing and Consulting Agreements
To enhance its market presence, Saga Metals has engaged in two significant agreements:
Digital Marketing Services Agreement with Machai Capital Inc.
Under a new Marketing Agreement signed on May 1, 2025, Machai Capital Inc. will deliver targeted marketing services aimed at boosting investor engagement. Key components of Machai’s services include:
- Institutional marketing campaigns
- Search engine optimization (SEO) and digital branding
- Lead generation
The agreement is set for 60 days, with a remuneration of C$200,000 payable from working capital.
Consulting Agreement with Simone Capital Corp.
Also dated May 1, 2025, the Consulting Agreement with Simone Capital will provide essential advisory and marketing services, including organizing presentations and webinars, fostering investor relations, and executing marketing campaigns. Simone Capital will receive C$10,000 monthly for their services over a 180-day term.
Company Overview
Saga Metals Corp. is committed to the exploration of essential minerals vital for green energy. The flagship Double Mer Uranium Project spans 25,600 hectares and has shown promising results, including high uranium sample scores. Additionally, the company holds the Legacy Lithium Property in Quebec, developed in partnership with Rio Tinto.
Conclusion
Saga Metals Corp. is leveraging strategic financing measures and robust marketing efforts to position itself at the forefront of the mining sector focusing on critical minerals. With a clear pathway for investor engagement and a commitment to sustainable practices, the company’s investments in technology and advisory services will likely enhance its market footprint in the green energy landscape.
For comprehensive updates, investors are encouraged to stay connected through the company’s website and investor relations channels.
Contact Information
For additional inquiries, please reach out to:
Saga Metals Corp.
Investor Relations
Tel: +1 (778) 930-1321
Email: info@sagametals.com
www.sagametals.com
This rewrite employs a structured approach, highlighting key aspects of Saga Metals’ financing while optimizing for keywords such as “critical minerals,” “sustainable energy,” and “investment opportunities.” Each section is designed to enhance readability and provide clarity on the company’s strategic initiatives.