Mink Ventures Closes Private Placement Tranche

Mink Ventures Corporation has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of $881,920. The funds were generated from the issuance of 4,578,500 hard dollar units at $0.10 each and 3,262,077 CMETC eligible flow-through units at $0.13 each. A second and final closing is anticipated in mid-June. The proceeds from the flow-through units will be allocated to the exploration and advancement of Mink Ventures Corporation's critical minerals projects in the Timmins, Canada — Ontario area, including the Montcalm Ni Cu Co project and the Warren Cu Ni Co project. The hard dollar unit proceeds will be used for general working capital. The private placement involved a related party transaction where certain directors and officers of Mink Ventures Corporation purchased 257,000 FT Units, which was exempt from certain regulatory requirements. The company also paid finder's fees consisting of cash and non-transferable finder's warrants. All issued securities are subject to a four-month-plus-a-day hold period and require final approval from the TSX Venture Exchange.