Inomin Closes $615,499 Private Placement Financing

Inomin Mines Inc. (MINE.V) successfully closed a non-brokered private placement financing raising gross proceeds of $615,499.50 through the issuance of 5,861,900 units priced at $0.105 each. Each unit consists of one common share and one warrant exercisable at $0.14 for 24 months until May 29, 2028. The rapid three-day completion of the financing demonstrates strong investor confidence in the company's strategic direction.

The financing was completed under the Listed Issuer Financing Exemption, allowing the securities to be immediately free-trading under Canadian securities laws. The company paid finder's fees totaling $43,084.97 in cash plus 410,333 finder's warrants to parties who introduced investors to the offering.

Proceeds will be allocated toward business development initiatives, due diligence on potential acquisition targets, investor relations activities, and general corporate purposes. This capital raise positions Inomin to advance its exploration activities, with drilling scheduled to commence next month at the Beaver-Lynx project to test its district-scale polymetallic potential.

The successful financing and upcoming drilling program at Beaver-Lynx signal an active period ahead for Inomin. The company's ability to close the financing quickly at a reasonable valuation suggests market confidence in management's strategy and the potential of their mineral properties. With fresh capital and immediate exploration plans, Inomin appears well-positioned to advance its portfolio and evaluate growth opportunities through potential acquisitions.