FINEX METALS LTD.
Raise of up to $4,000,000
The Offering:
Up to 18,000,000 Subscription Receipts
Each Subscription Receipt priced at $0.22
Minimum order: $2,200
Each Subscription Receipt is convertible into a Unit which consists of one Common Share of the Company and one half of one Warrant
Each whole Warrant will entitle the holder to purchase one Common Share of the Company at a price of $0.35 for a period of 24 months from issuance
Subscription Receipt conversion and Escrow details:
Each Subscription Receipt shall be deemed to be exercised, without payment of any additional consideration and without any further action by the holder thereof, for one Subscription Receipt Unit, subject to adjustment in accordance with the provisions of the Subscription Receipt Certificate, on the “Escrow Release Date”;
The Escrow Release Date means the date that is one business day after the date that the “Escrow Release Conditions” have been met. Escrow Release Conditions means:
the issuance of a receipt for a Prospectus; and
the confirmation from the TSX Venture Exchange (“TSXV”) that the Issuer has met all TSXV requirements for the Proposed Listing, subject to the conversion of the Subscription Receipts
The Subscription Receipt Certificate will provide that the gross proceeds of the Offering due on the Closing Date (the “Escrowed Funds”) will be delivered to and held in escrow on behalf of the Subscribers by the Issuer, in a segregated interest-bearing account. On the Escrow Release Date, the Escrowed Funds and accrued interest will be released to the Issuer, at which time each Subscription Receipt shall be deemed to be exercised for one Subscription Receipt Unit. The deemed exercise of the Subscription Receipts is expected to occur prior to the completion of the Proposed Listing, with delivery of the Subscriber’s Subscription Receipt Units taking place after the completion of the Proposed Listing, such that the Subscriber will receive a share certificate representing the Subscriber’s Shares and a warrant certificate representing the Subscriber’s Warrants once the Issuer is a public company under applicable securities laws
If the Escrow Release Date does not occur on or before 5:00 p.m. (Vancouver time) on the Escrow Deadline (six months after the closing date of the Offering), the Subscription Receipts will immediately become null, void and of no further force or effect and, as soon as reasonably possible, and in any event within ten (10) business days following the Escrow Deadline, the Escrowed Funds will be returned to the holders of Subscription Receipts in an amount per Subscription Receipt equal to the Subscriber’s aggregate Offering Price paid for the Subscription Receipts
The Subscriber’s Shares will be free trading upon listing on a public stock exchange
The offering is available to investors utilizing the accredited investor exemption
Exchange: Private - going public via this transaction
Symbol: Pending
Current Share Price: N/A
Use of Proceeds:
The net proceeds from the Offering will be used for Phase 1 Diamond Drill Program focused on the high-priority targets at the flagship Ruoppa Gold Project, exploration activities on other projects in Finland, project acquisition and holding costs, G&A, and general working capital
Corporate Structure:
About FinEx Metals Ltd.:
FinEx Metals Ltd. (“FinEx” or the “Company”) is a private company with a vision to discover Finland’s next high-grade gold deposit.
The Company is advancing on the strong foundation it has built in Northern Finland, driving exploration forward on its 100%-owned, fully permitted and drill-ready flagship Ruoppa Gold Project which adjoins Europe’s largest gold mine, Agnico Eagle’s Kittilä Mine (234,402 ounces of gold produced in 2023) and is within the same belt as one of the largest recent gold discoveries, Rupert Resources’ Ikkari deposit (2023 PEA indicating NPV of US$1.6B and 46% IRR (per Rupert Resources Jan 11, 2023 News Release).
Investment Highlights:
Listing on TSXV targeted for Q2 2025
Highlights from FinEX 2024 Exploration
The Company’s focused exploration efforts have uncovered significant gold potential at Ruoppa:
High-Grade Gold Discoveries:
2,700 m long anomalous zone of Au multiple high-grade gold targets identified
52 rock grab samples from trenches returned values above 1 g/t Au
19 samples exceeded 10 g/t Au
Peak individual gold result: 95.1 g/t Au, the highest grade identified on the project to date
Potential for other nearby parallel structures
These achievements affirm Ruoppa's position as a high-potential gold project with immense growth opportunities. 70% of Ruoppa remains unexplored
FinEx 2025 Plans
The Compay is gearing up for an ambitious 2025 with key catalysts including:
Public Listing on TSX-V: A transformative step, enhancing visibility and increased access to capital markets.
Phase 1 Diamond Drill Campaign: 2,500–3,000 meters targeting high-priority zones at Ruoppa East.
Continued Expansion: Focused exploration in new zones and proximity to major deposits such as Agnico Eagle's Kittilä Mine and Rupert Resources' Ikkari discovery.
Although management of the Company has advised that it intends for the shares issued under this Offering to be publicly listed by Q2 2025, there is no guarantee that this will occur in the anticipated timeframe or at all
There is currently no trading market for the securities offered in the Offering
Ascenta Offerings are available on a ‘first-come, first-served’ basis. Please express your interest in participating in this financing and we will attempt to hold a position for you. Once you have been confirmed, we will provide you with a Subscription Agreement and Ascenta’s Know Your Client information.
Members of Ascenta may invest alongside its network in this offering.
Closings of this financing will occur at the Company’s discretion.
The Company has agreed to pay a finder’s fee of up to 6% cash and 6% warrants for the financing.