Blast Resources Upsizes Private Placement to $1 Million Due to Strong Investor Demand
Vancouver, British Columbia — March 2, 2026 — Leads & Copy — Blast Resources Inc. has increased its non-brokered private placement offering from $750,000 to $1,000,000 due to strong investor demand. The offering will consist of up to 4,000,000 units at a price of $0.25 per unit.
Each unit includes one common share of the company and one transferable common share purchase warrant. Each warrant allows the holder to purchase one additional common share of the company at $0.35 per share for two years from the offering’s closing, subject to acceleration.
The warrants are subject to an acceleration right held by Blast Resources. If the company’s shares reach or exceed $0.50 for 10 consecutive trading days, the company can notify warrant holders via news release that the warrants will expire 30 days after the notice, unless exercised before then. Holders will have 30 days to exercise their warrants upon receiving notice; unexercised warrants will expire.
The company may pay finder’s fees to eligible finders related to the offering.
Blast Resources intends to use the proceeds from the offering for exploration at the Wales Lake project, operational needs, working capital, and general corporate purposes.
Securities issued under the offering will be subject to a four-month hold period, following Canadian securities laws and Canadian Securities Exchange policies.
Blast Resources Inc. is a mineral exploration company trading on the CSE. The company owns claims and holds an option on additional claims for a mineral exploration project in Saskatchewan, located near Highway 955 south of Wales Lake, just outside the Athabasca Basin’s southwest margin.
Casey Forward, President and CEO, has approved the release of this information on behalf of the board.
Source: Blast Resources Inc.
Share this story:
