Infield Minerals Launches Private Placement Financing

Vancouver-based Infield Minerals Corp. (TSXV:IN) has announced a non-brokered private placement to raise up to $1.25 million. The financing will involve the issuance of up to 25 million units at $0.05 per unit. Each unit comprises one common share and one warrant, with the warrant allowing the purchase of an additional share at $0.10 within a year.

Should Infield's shares reach $0.12 or higher on a 10-day averaged price on the TSX Venture Exchange, the company may accelerate warrant expiry by notifying holders, who will then have 30 days to act. The proceeds will support mineral exploration in the western U.S. and cover general expenses.

The transaction could involve related parties but is not subject to formal valuation or minority shareholder approval due to specific exemptions. Completion depends on receiving necessary approvals, and securities will have a four-month statutory hold period.