NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Dec. 05, 2025 (GLOBE NEWSWIRE) — SAGA Metals Corp. (“SAGA” or the “Company”) (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company advancing critical mineral discoveries, is pleased to announce, further to its news release dated November 12, 2025, the closing of its “best efforts” private placement (the “Offering”) for aggregate gross proceeds of approximately C$6,000,000, which includes the exercise in full of the $1,000,000 agent’s option. Pursuant to the Offering, the Company sold (i) 7,761,362 units of the Company (each, a “Unit”) at a price of C$0.44 per Unit (the “Unit Price”) and (ii) 5,170,000 flow-through units of the Company (each, a “FT Unit”, and collectively with the Units, the “Offered Securities”) at a price of C$0.50 per FT Unit.
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Brief Summary
SAGA Metals Corp. announces the successful closing of its oversubscribed brokered LIFE offering, raising approximately C$6,000,000. This significant funding will support the company’s ongoing exploration of critical mineral discoveries in North America.
- 7,761,362 units sold at C$0.44 each.
- 5,170,000 flow-through units sold at C$0.50 each.
- Includes full exercise of $1,000,000 agent’s option.
Why it matters: This successful close strengthens SAGA’s financial position, enabling the pursuit of its strategic exploration initiatives.
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