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June 26, 2024

Denarius Metals Corp. Closes $13.8 Million Private Placement of Gold-Linked Convertible Debenture Units

Wildeboer Dellelce LLP acted as legal counsel to Denarius Metals Corp. (Cboe CA: DMET; OTCQB: DNRSF) for a private placement offering completed on June 25, 2024. 13,808 convertible debenture units for total gross proceeds of CA$13,808,000 were issued, with each unit consisting of 1,000 12% per annum gold-linked senior unsecured convertible debentures and 500 common share purchase warrants of the Company.

Red Cloud Securities Inc. acted as lead agent and bookrunner on behalf of a syndicate of agents for the offering.

Denarius, a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of polymetallic mining projects in high-grade districts, intends to use the net proceeds from the offering for its Aguablanca Project in Spain and general corporate purposes.

Wildeboer Dellelce LLP acted for Denarius with a team comprising Peter Volk, Natalie Tershakowec, Julian Lupo, Brett Varrin, Karla Ledesma, Victoria Allen and Cassandra Richards (corporate/securities).