Corcel Exploration plans $1.5M non-brokered private placement

Corcel Exploration Inc. (CSE: CRCL) (OTCQB: CRLEF) (FSE: Y67) announced a non-brokered private placement of up to 15,000,000 units at $0.10 per unit, seeking gross proceeds of up to $1,500,000.

Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant allows the holder to acquire one additional share at $0.20 per share for 24 months following the closing date, which is anticipated to be on or about September 30, 2026.

The company stated it intends to use net proceeds for exploration and working capital purposes.

Closing is subject to customary conditions, including submission of required forms to the Canadian Securities Exchange. The company may pay finder's fees to eligible finders in compliance with CSE policies and applicable securities legislation. All securities issued will be subject to a statutory hold period of four months and one day from the closing date.

Corcel Exploration is a Vancouver-based mineral resource company focused on the acquisition and exploration of precious and base metals properties in North America. The company holds a long-term lease on the Yuma King Cu-Au project in Arizona, a 3,200-hectare property comprising 515 unpatented federal mining claims in the Ellsworth Mining District.

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