BULLETIN V2025-3713
DEFENSE METALS CORP. ("DEFN")
BULLETIN TYPE: Private Placement-Non-Brokered; Private Placement-Brokered
BULLETIN DATE: November 20, 2025
TSX Venture Tier 2 Company
Financing Type: Non-Brokered Private Placement
Gross Proceeds: $5,229,134
Offering: 17,430,446 Listed Shares with 8,715,223 warrants attached
Offering Price: $0.30 per Listed Share
Warrant Exercise Terms: $0.45 per Listed Share for a three-year period, subject to an acceleration right.
Commissions in Securities:
Shares Warrants
Finders (Aggregate) 0 63,708
Commission Terms: Each non-transferable warrant is exercisable at $0.30 for a three-year period, subject to an acceleration right.
Disclosure: Refer to the company's news release(s) dated October 20, 2025, October 31, 2025, and November 10, 2025.
Financing Type: Brokered Private Placement
Gross Proceeds: $11,500,200
Offering: 38,334,000 Listed Shares with 19,167,000 warrants attached
Offering Price: $0.30 per Listed Share
Warrant Exercise Terms: $0.45 per Listed Share for a three-year period, subject to an acceleration right.
Commissions in Securities:
Shares Warrants
Agent (Aggregate) 0 2,683,380
Commission Terms: Each non-transferable warrant is exercisable at $0.30 for a three-year period, subject to an acceleration right.
Disclosure: Refer to the company's news release(s) dated October 20, 2025, October 31, 2025, and November 10, 2025.
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