Gamma Resources Announces $880,000 Private Placement

Gamma Resources Ltd. has announced a non-brokered private placement to raise approximately $880,000. The offering involves up to 11,000,000 units at $0.08 each, with each unit comprising one common share and a warrant exercisable at $0.12 for 36 months. The structure provides full warrant coverage, improving investor terms compared to a previously canceled offering. There will be no freely tradeable stock at closing due to a four-month hold period on all securities issued. Insiders are expected to participate, and the proceeds aim to advance exploration at the Mesa Arc and Green River projects.

Market conditions led to the cancellation of a prior financing plan that proposed $2.1 million through a different offering structure. Emphasizing lower dilution, this preparation reduces the maximum shares issuable by over 60%. It also eliminates free-trading shares at closing, aligning interest between new investors and insiders. The closing is anticipated around August 27, 2026, with regulatory approvals pending. The funds will support exploration activities and general corporate purposes.