Gamma Resources Extends Closing Date for Private Placement

Gamma Resources Ltd, a Vancouver-based company, announced the extension of the final closing date for its non-brokered Private Placement. Initially set for earlier dates, the last tranche is now expected to close by September 30, 2026. The Private Placement involves offering up to 21,875,000 units at $0.08 each, targeting gross proceeds of up to $1.75 million.

Each unit includes one common share and a purchase warrant, allowing the holder to acquire an additional share for $0.12 within 36 months of closing. Participation by the company's directors in the second tranche has been categorized as a related party transaction, but it is exempt from full valuation and minority approval requirements under current regulations.

The extension comes as Gamma Resources plans to use the raised funds to continue its exploration in the Mesa Arc and Green River projects and for general corporate purposes.