Sokoman Minerals Corp. Announces Non-Brokered Flow-Through Private Placement

Core Viewpoint - Sokoman Minerals Corp. announces a non-brokered private placement of flow-through shares for gross proceeds of up to CAD$400,000, expected to close by May 7, 2025 [1][2]. Group 1: Private Placement Details - The private placement is priced at CAD$0.05 per flow-through share, with the first closing of CAD$300,000 imminent [2]. - All securities issued will be subject to a four-month and one-day hold period [2]. - The company may pay finders' fees in cash and broker warrants as permitted by the TSX Venture Exchange [3]. Group 2: Use of Proceeds - The company intends to use the gross proceeds from the sale of flow-through shares to incur eligible Canadian exploration expenses, specifically flow-through mining expenditures, by December 31, 2026 [4]. - A total of CAD$400,000 is planned to be spent on exploration projects [5]. Group 3: Company Overview - Sokoman Minerals Corp. is a discovery-oriented company and one of the largest landholders in Newfoundland and Labrador, focusing on gold projects [6]. - The company's flagship projects include Moosehead, Crippleback Lake, and Fleur de Lys, targeting Dalradian-type orogenic gold mineralization [6]. - The company has a strategic alliance with Benton Resources Inc. for joint-venture properties in Newfoundland [6]. Group 4: Recent Developments - In October 2023, Sokoman and Benton completed an agreement with Piedmont Lithium Inc. to advance a lithium project [7].