Gamma Resources Announces $2.1 Million Private Placement Offering

Gamma Resources Ltd. has revealed a non-brokered private placement aiming to raise approximately $2.1 million. The offering consists of LIFE Financing and Concurrent Financing. Under the LIFE Financing, Gamma plans to issue up to 21 million units at $0.10 each, raising $2.1 million with shares immediately tradeable under Canadian securities laws. The Concurrent Financing will issue up to 7.5 million units, aiming to gather around $750,000, with a hold period of four months and one day.

The net proceeds will be used for exploration on the Mesa Arc in New Mexico and Green River in Utah, as well as general working capital. Closing is expected by August 29, 2026, subject to regulatory approvals, including that of the TSX Venture Exchange. Finders' fees may be paid to eligible parties, and insider participation is anticipated.