Inomin Announces $500,000 LIFE Offering Private Placement

Inomin Mines Inc. has announced a non-brokered private placement to raise a minimum of $500,000 through the issuance of 4,761,905 units at $0.105 per unit. The company has reserved the option to increase the offering size to up to 6,666,666 units for aggregate proceeds of $700,000. Each unit consists of one common share and one warrant exercisable at $0.14 per share for 24 months, subject to acceleration provisions.

The financing is being conducted under the Listed Issuer Financing Exemption (LIFE) provisions of National Instrument 45-106, allowing the company to access capital markets across Canada except Quebec without traditional hold periods for Canadian residents. The company has structured the warrants with an acceleration right that can be triggered if shares trade at or above $0.25 for 20 consecutive trading days, providing potential for earlier warrant exercise and additional capital.

Proceeds from the offering will support business development initiatives, due diligence on potential acquisition targets, investor relations activities, and general corporate purposes. This diversified use of funds suggests the company is positioning itself for growth through both organic development and potential acquisitions. The offering is expected to close around June 1, 2026, subject to regulatory approvals including TSXV consent.

The financing structure reflects current market conditions for junior mining companies, utilizing regulatory exemptions to access capital efficiently while providing investors with leverage through warrant participation. The acceleration provision demonstrates management's confidence in the company's prospects while providing flexibility for future capital optimization.