12:18 PM EDT, 05/15/2025 (MT Newswires) -- Torr Metals (TMET.V) on Thursday said the TSX Venture Exchange granted it a 30-day extension for the closed of a $2-mllion private placement of flow-through shares and non flow-through share units.

The company is looking to place 3.33-million flow-through (FT) shares priced at $0.15 each and 11.54 million non flow-through (NFT) units at a price of $0.13 per unit.

Each NFT unit will be made up of a share and one half of a two-year warrant to buy a second share for $0.25.

The company said gross proceeds from the FT shares will be used to incur "Canadian exploration expenses" that qualify as "flow-through mining expenditures" on Torr's projects in British Columbia and Ontario.

The company's shares were last seen down $0.01 to $0.135 on the TSX Venture Exchange.

Price: 0.14, Change: -0.01, Percent Change: -6.90