Salazar Resources plans $3.5M non-brokered private placement

Salazar Resources Limited (TSXV: SRL) (OTCQB: SRLZF) (FSE: CCG) has arranged a non-brokered private placement of up to 10 million units at $0.35 per unit, seeking to raise up to $3.5 million, according to a press release.

Each unit consists of one common share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at $0.60 for a period of two years from closing.

The company filed a Price Reservation with the TSX Venture Exchange on September 10, 2026, ahead of the announcement. Insiders may participate in the financing, and finders' fees may be paid on a portion of it. Net proceeds are designated for working capital and exploration activities.

All securities issued are subject to a four-month hold period and regulatory approvals, including acceptance by the TSX Venture Exchange. The securities have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent applicable registration or an exemption.

Salazar Resources is a Canadian junior exploration company focused on mineral deposits in Ecuador, holding a 25% carried interest in the Curipamba-El Domo copper-gold project and a 100%-owned portfolio of exploration projects.

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