Financing Update
Triple One Metals Inc. – Announces Financing - Oversubscribed
Non-brokered private placement closes at $999,925.11, oversubscribed by $200,000, with proceeds allocated to exploration, regulatory, audit, legal and working capital needs.
Triple One Metals Inc. (CSE: TONE) (“Triple One” or the “Company”) is pleased to announce that, further to its press release dated September 14, 2026, the Company has been successful in raising $999,925.11 (oversubscribed as to $200,000) and will issue 33,330,837 units at $0.03. Each unit will consist of one common share and one warrant exercisable for two years at $0.05.
Financing at a Glance
The use of proceeds will be for exploration, regulatory, audit fees, legal fees, and working capital. While the Company intends to spend the proceeds from the financing as stated above, there may be circumstances where, for sound business reasons, funds may be reallocated at the discretion of the Board.
A cash finder’s fee of 10%, or $46,357, has been agreed to be paid.
Related Party Transaction — MI 61-101
One insider of the Company subscribed for a total of 4,245,000 units. As such, this participation constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”).
Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the common shares acquired by the insider nor the consideration paid by such insider exceeds 25% of the Company’s market capitalization. The Company did not file a material change report 21 days prior to the closing date of this private placement, as details of the respective participation of such insiders in the Offering were unknown at that time.
The closing of the financing is subject to receipt of all necessary regulatory approvals, including from the Canadian Securities Exchange. The securities issued under the financing will be subject to a hold period ending four months and one day following the date of issue, in accordance with applicable securities laws.
The Company confirms there are no material facts or material changes related to the Company that have yet to be generally disclosed.
For Additional Information
A. Paul Gill — Chief Executive Officer
Triple One Metals Inc.
2040 Cullin Road, Shawnigan Lake, BC, V8H 2G5
Forward-Looking Statements: This news release contains certain forward-looking statements, including, for example, statements relating to the completion of the Transaction and Placement and the Company’s anticipated share capital. Such forward-looking statements involve risks and uncertainties, both known and unknown. The results or events depicted in these forward-looking statements may differ materially from actual results or events. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding and are implicit in, among other things: receipt of regulatory approvals, the Company’s ability to complete the Transaction and Placement, the state of the capital markets, and the ability of the Company to successfully manage the risks inherent in pursuing business opportunities in the mineral exploration industry. Any forward-looking statement reflects information available to the Company as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results, or otherwise.
Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
