Gamma Resources plans $880,000 private placement, cancels prior offering

Gamma Resources Ltd. (TSXV: GAMA)(OTCQB: GAMXF)(FRA: MRDN) announced a non-brokered private placement of up to 11,000,000 units at $0.08 per unit, targeting gross proceeds of up to $880,000.

Each unit consists of one common share and one full common share purchase warrant exercisable at $0.12 for 36 months from issuance. All securities issued will carry a four-month-and-one-day hold period under Canadian securities laws. Insiders of the company are expected to participate alongside new investors on the same terms.

The placement replaces a previously announced offering from July 20, 2026, which was cancelled due to market conditions. That prior offering had comprised a Listed Issuer Financing Exemption component of up to 21,000,000 units at $0.10 per unit and a concurrent financing of up to 7,500,000 units at $0.10 per unit, together targeting up to approximately $2,850,000. No securities were issued under either component of the cancelled offering.

The new placement issues a maximum of 11,000,000 units, compared with up to 28,500,000 units under the cancelled structure. Securities issued under the cancelled LIFE Financing would not have been subject to a hold period.

Net proceeds are intended to fund exploration at the company's Mesa Arc Project, a 4,520-acre property in New Mexico, and the Green River Project, covering 1,100 acres in Utah. Planned work includes claim expansion at both sites, radon flux surveys and prospecting at Mesa Arc, and historic drill hole surveys at Green River.

The company may pay finder's fees of up to 7% of gross proceeds in cash and up to 7% in non-transferable finder's warrants exercisable at $0.08 per share for 24 months.

The placement is expected to close on or about August 27, 2026, subject to TSX Venture Exchange approval. According to the company's press release, the fair market value of any insider participation is not expected to exceed 25% of the company's market capitalization.

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