iMetal Resources (IMRFF) has completed the first tranche of its non-brokered private placement, raising $670,002.90 through the issuance of 4,466,686 Units at $0.15 per Unit. Each Unit includes one common share and one transferable warrant, exercisable at $0.20 for two years. The proceeds will fund exploration work and general working capital. The securities have a hold period until April 21, 2025. The company paid finders' fees totaling $21,577.50 and issued 143,850 Warrants to various financial firms. Company insiders participated in the placement, acquiring 666,667 Units, constituting a related party transaction exempt from formal valuation requirements under MI 61-101.