TORONTO, ON — Cunico Metals Inc. (“Cunico” or the “Company”) announces the successful closing of its initial seed financing round, raising gross proceeds of approximately $1.2 million.
The financing was completed at a price of $0.29 per common share. This capital injection marks a significant milestone for the newly incorporated Company following its 100% consolidation of the Veronneau Project in northern Québec.
Proceeds from the seed financing will be deployed to advance exploration planning, execute additional technical reviews of historical data, and prepare the Company’s operational framework for its next stage of growth. With an expanding geological understanding of the Veronneau property, this funding ensures Cunico has the necessary initial capital to transition its exploration strategy from a private model to a public-market focus.
For further information, please contact: John Tait, CEO Cunico Metals Inc.
Forward-Looking Statements Information set forth in this news release involves forward-looking information under applicable securities laws. The forward-looking statements contained herein include, but are not limited to, the Company’s anticipated exploration plans, future drilling targets, the evaluation of recent survey data, and the execution of the Company’s go-public strategy, and all such forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although the Company believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct and, accordingly, undue reliance should not be put on such forward-looking statements. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein.
