Defense Metals Launches Private Placement Financing Aiming for Up to $15 Million in Gross Proceeds

Private Placement Announcement: Defense Metals Corp. plans to raise up to $15 million through a private placement, consisting of a brokered offering of up to 33,334,000 units and a non-brokered offering of up to 16,666,667 units, with proceeds aimed at advancing their Wicheeda Rare Earth Element project.

Warrant Details and Agent Compensation: Each unit includes a common share and a warrant, with an exercise price of $0.45. The company will pay agents a 7% commission on the brokered offering and provide compensation options for additional shares, while also allowing for potential insider participation in the offering.