Sokoman Minerals Corp. Finalizes Key Financings

Sokoman Minerals Corp. has successfully closed its non-brokered flow-through financing, securing gross proceeds of CAD$1,456,500. The financing involved issuing 36,412,500 flow-through shares at CAD$0.04 each, providing tax benefits under the Canadian Income Tax Act. Additionally, the company completed the second tranche of its non-flow-through financing, issuing a total of 850,000 non-flow-through shares for CAD$29,750. Notably, an insider participated, subscribing for CAD$10,000 or 250,000 flow-through shares.

Broker warrants and fees were issued in connection with the financing, which are subject to a four-month hold period pending regulatory approval. Sokoman plans to use these funds for eligible Canadian exploration expenses on its projects, including Moosehead, Fleur de Lys, and Crippleback. The effective renouncement of these expenditures favors subscribers, with the company focusing mainly on its Moosehead property.