07:30 AM EST, 01/22/2025 (MT Newswires) -- Forsys Metals ( FOSYF ) , which lost more than 3% yesterday, announced Wednesday its intention to raise up to C$5.28 million in gross proceeds by way of a non-brokered private placement of up to 10.56 million units at a subscription price of $0.50 per unit.

A statement noted each unit will consist of one Class A Common Share and one Common Share purchase warrant, with each warrant entitling the holder to purchase one additional Common Share at a price of C$0.75 per Common Share for a period of 24 months from issuance.