Libra Energy Materials to Raise C$700,000 Via Private Placement Offering

09:38 AM EDT, 08/28/2026 (MT Newswires) -- Libra Energy Materials (LIBR.CN) plans to raise C$700,000 through a non-brokered private placement, it said in a statement on Friday. The offering will consist of the issuance of 5-million common shares (HD shares), at C$0.10 per HD share, for C$500,000. The private placement will also consist of the issuance of 1.5-million common shares that qualify as "critical flow-through shares" (CMETC FT shares), at C$0.13 per CT share for C$200,000. The company said it reserves the right to increase the size of the offering up to C$1.3 million to provide for the issuance of up to 10-million HD shares at C$0.10 per HD share, for C$1 million, and 2.3-million CMETC FT shares at C$0.13 per CMETC FT share, for C$300,000. Libra Energy Materials intends to use proceeds of the offered HD shares for additional exploration on its properties and general working capital needs. Shares of the company were last seen unchanged at C$0.125 on Thursday on the Canadian Securities Exchange.