MTB Metals Corp announced a non-brokered private placement to issue 4,000,000 flow-through units at a price of CAD 0.10 per flow-through unit for a gross proceeds CAD 400,000 on December 22, 2023. Each FT unit will comprise one flow-through common share and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share for a period of three years from the date of issuance at an exercise price of CAD 0.18 per warrant share.

The company may pay finders' fees comprising cash and non-transferable warrants in connection with the offering, subject to compliance with the policies of the TSX Venture Exchange. All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.