BTU Metals Corp. Announces $600,000 Flow-Through Financing Initiative

BTU Metals Corp., based in Vancouver, has launched a non-brokered private placement aiming to raise $600,000 through the issuance of up to 12 million flow-through shares, priced at $0.05 each. This financing structure allows investors to benefit from Canadian tax provisions related to flow-through shares. The proceeds will support the advancement of BTU's Ontario projects, notably the newly acquired Dixie East project.

The offering comprises one common share on a flow-through basis and half a warrant on a non-flow-through basis. Each whole warrant gives the right to purchase one BTU share at $0.09, valid for a year post-closing. The closing is contingent on TSX Venture Exchange approval, and securities will have a statutory hold period of four months plus a day.