Nexcel Gives an Update to Private Placement
Vancouver, British Columbia--(Newsfile Corp. - November 21, 2025) - Nexcel Metals Corp. (CSE: NEXX) (OTCQB: NXXCF) (FSE: 2OH) ("Nexcel" or the "Company") is pleased to provide an update on its previously announced non-brokered private placement (the "Private Placement") for aggregate gross proceeds of up to $3,500,000 that will consist of the issuance of a combination of: up to 1,190,476 flow-through units of the Company ("FT Units") at a price of $0.42 per FT Unit for gross proceeds of up to $500,000; and up to 8,571,428 non-flow-through units of the Company ("NFT Units") at a price of $0.35 per NFT Unit for gross proceeds of up to $3,000,000. Further to the Company's news release dated November 7, 2025, the FT Units and NFT Units will also be offered pursuant to Section 3 (Exemption for distributions made with suitability advice) of British Columbia Securities Commission Instrument 45-536 and Section 4 (Exemption for sales to purchasers advised by Investment Dealers) of Alberta Securities Commission Rule 45-516, in addition to other exemptions including the "accredited investor" exemption under Section 2.3 of National Instrument 45-106 – Prospectus Exemptions.
