Gladiator Metals Completes $2.1 Million First Tranche of Brokered Private Placement

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VANCOUVER, British Columbia, June 30, 2023 (GLOBE NEWSWIRE) -- Gladiator Metals Corp. (TSXV: GLAD / OTC Markets: GDTRF / FSE: ZX7) (“Gladiator” or the “Company”), is pleased to announce that it has closed a first tranche of its previously announced brokered private placement offering (the “Offering”) of 3,858,018 units of the Company (each, a “Unit”) at a price of $0.55 per Unit for aggregate gross proceeds of approximately $2.1 million, including a non-brokered portion for gross proceeds of $0.1 million. The Offering was led by Research Capital Corporation as lead agent and sole bookrunner (the “Lead Agent”), on behalf of a syndicate of agents, including Beacon Securities Limited (together with the Lead Agent, the “Agents”). A second and final tranche of the Offering, for additional gross proceeds of approximately $5.5 million, including a concurrent non-brokered portion of $0.75 million, is expected to be completed on or before July 7^th. The aggregate gross proceeds from both tranches of the Offering is expected to be approximately $7.6 million.

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