Prospector Metals and BeMetals Announce Subscription Receipt Financing
Prospector Metals (PPP.V) and BeMetals Corp (BMET.V) announced late Thursday that they will be completing a non-brokered private placement of up to 8 million subscription receipts at a price of $0.50 each for aggregate proceeds of up to $4 million."The Offering is being undertaken in connection with the previously announced acquisition of assets pursuant to the share purchase agreement dated April 15, 2026, between the Companies and Prospector Subco Ltd. ("Subco") whereby BeMetals will acquire all of the issued and outstanding shares of Subco, a wholly-owned subsidiary of Prospector which will hold Prospector's remaining viable non-Yukon mineral exploration projects (the "Transaction"), in exchange for 29,400,000 common shares of BeMetals," stated the companies.In connection with the closing of the transaction, BeMetals will change its name to Lightning Resource Corp (Resulting Issuer) prior to closing and reconstitute its board of directors upon closing of the transaction, the statement noted.Closing of the transaction is subject to the satisfaction of certain closing conditions.
