{"success":true,"data":{"pressRelease":{"id":"165792","rtpr_id":"nNFCGXHz5-20261009","ticker":"DBAY","exchange":"","all_tickers":["DBAY"],"title":"Elton Announces Private Placement of Flow Through Units","author":"Newsfile Corp","published_at":"2026-10-09T21:27:52.661Z","article_body":"Vancouver, British Columbia--(Newsfile Corp. - October 9, 2026) - Elton\nResources Corp. (TSXV: DBAY) (formerly Chicane Capital I Corp.) (the\n\"Company\") is pleased to announce a non-brokered private placement financing\n(the \"Offering\") of up to 22,727,273 \"flow through\" units of the Company (\"FT\nUnits\") at a price per FT Unit of $0.22 for aggregate gross proceeds of up to\napproximately $5,000,000.\n\nEach FT Unit will be comprised of one flow-through common share of the Company\n(each, a \"FT Share\") that will qualify as a \"flow-through share\" within the\nmeaning of subsection 66(15) of the Income Tax Act (Canada) (the \"Tax Act\")\nand one-half of one flow-through common share purchase warrant of the Company\n(each whole warrant, a \"FT Warrant\") that will qualify as a \"flow-through\nshare\" within the meaning of subsection 66(15) of the Tax Act. Each whole FT\nWarrant shall be exercisable for a period of three (3) years from the date of\nissuance thereof for one common share of the Company (each, a \"Warrant\nShare\"), on a non-flow through basis, at an exercise price of $0.30.\n\nThe gross proceeds from the issuance of the FT Shares and the FT Warrants will\nbe used to incur \"Canadian exploration expenses\" as defined in subsection\n66.1(6) of the Tax Act that qualify as \"flow-through critical mineral mining\nexpenditures\" as defined in subsection 127(9) of the Tax Act (the \"Qualifying\nExpenditures\"). The Qualifying Expenditures will be incurred on or before\nDecember 31, 2027 and will be renounced by the Company to the initial\npurchasers of the FT Shares and the FT Warrants with an effective date no\nlater than December 31, 2026 in an aggregate amount not less than the gross\nproceeds raised from the issue of the FT Shares and the FT Warrants. In the\nevent the Company is unable to renounce Qualifying Expenditures effective on\nor prior to December 31, 2026 for each FT Share and FT Warrant in an aggregate\namount not less than the gross proceeds raised from the issue of FT Shares and\nthe FT Warrants, and/or the Qualifying Expenditures are otherwise reduced by\nthe Canada Revenue Agency, the Company will indemnify each subscriber for the\nadditional taxes payable by such subscriber as a result of the Company's\nfailure to renounce the Qualifying Expenditures or as a result of the\nreduction, in accordance with the terms of the applicable subscription\nagreement.\n\nIt is expected that the FT Units, FT Shares, FT Warrants and Warrant Shares\nissued pursuant to the Offering will be subject to a hold period of four\nmonths and one day from the date of issuance pursuant to applicable securities\nlaws in Canada.\n\nThe Offering is expected to close on such date or dates in one or more\ntranches as may be determined by the Company. The closing of the Offering is\nsubject to certain conditions including, but not limited to, the approval of\nthe TSX Venture Exchange (the \"TSXV\").\n\nIn connection with the Offering, subject to TSXV and other approvals, the\nCompany may pay to certain finders, fees of up to 6.0% in cash and\nnon-transferable warrants equal to up to 6.0% of the number of FT Units sold\nunder the Offering. Each such warrant is expected to be exercisable to acquire\none common share of the Company for a period of three (3) years from the date\nof issuance thereof at an exercise price of $0.20, or such other price as may\nbe acceptable to the TSXV.\n\nAny participation by \"related parties\" (as such term is defined under\nMultilateral Instrument 61-101 - Protection of Minority Security Holders in\nSpecial Transaction (\"MI 61-101\")) of the Company in the Offering will\nconstitute a related party transaction under MI 61-101 but is expected to be\nexempt from the formal valuation and minority shareholder approval\nrequirements of MI 61-101.\n\nAbout Elton Resources Corp.\n\nThe Company is a mining exploration company focused on the exploration and\ndevelopment of the Darnley Bay project in Northwest Territories, Canada. The\nCompany trades on the TSX Venture Exchange under the symbol \"DBAY\". For more\ninformation, please visit www.eltonresources.com.\n\nFurther Information\n\nFor further information, please contact:\n\nElton Resources Corp.\nc/o Suite 2600, 1066 West Hastings Street\nVancouver, British Columbia\nV6E 3X1 Canada\n\nContact: Carson Phillips\nTelephone: 604-657-5871\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nThis news release does not constitute an offer to sell or a solicitation of an\noffer to buy nor shall there be any sale of any of the securities in any\njurisdiction in which such offer, solicitation or sale would be unlawful,\nincluding any of the securities in the United States of America. The\nsecurities of the Company have not been and will not be registered under the\nUnited States Securities Act of 1933, as amended (the \"U.S. Securities Act\")\nor any state securities laws and may not be offered or sold within the United\nStates or to, or for the account or benefit of, U.S. persons unless registered\nunder the U.S. Securities Act and applicable state securities laws, or an\nexemption from such registration requirements is available. \"United States\"\nand \"U.S. person\" have the meaning ascribed to them in Regulation S under the\nU.S. Securities Act.\n\nCautionary Note Regarding Forward-Looking Information\n\nThe information contained herein contains \"forward-looking information\" within\nthe meaning of applicable Canadian securities legislation. \"Forward-looking\ninformation\" includes, but is not limited to, statements with respect to the\nactivities, events or developments that the Company expects or anticipates\nwill or may occur in the future, including, without limitation, statements\nwith respect to, the completion of the Offering; the expected gross proceeds\nof the Offering; the use of proceeds from the Offering; the anticipated\ndate(s) for closing of the Offering; the receipt of all necessary regulatory\nand other approvals, including approval of the TSXV; the expected incurrence\nby the Company of eligible Canadian exploration expenses that will qualify as\nflow-through critical mineral mining expenditures on or before December 31,\n2027; and the renunciation by the Company of the Canadian exploration expenses\n(on a pro rata basis) to each subscriber of FT Shares and FT Warrants by no\nlater than effective December 31, 2026. Generally, but not always,\nforward-looking information can be identified by the use of words such as\n\"plans\", \"expects\", \"is expected\", \"budget\", \"scheduled\", \"estimates\",\n\"forecasts\", \"intends\", \"anticipates\", or \"believes\" or the negative\nconnotation thereof or variations of such words and phrases or state that\ncertain actions, events or results \"may\", \"could\", \"would\", \"might\" or \"will\nbe taken\", \"occur\" or \"be achieved\" or the negative connotation thereof.\n\nSuch forward-looking information is based on numerous assumptions, including\namong others, that the results of planned exploration activities are as\nanticipated, the price of metals and other commodities, the anticipated cost\nof planned exploration activities, that general business and economic\nconditions will not change in a material adverse manner, that financing will\nbe available if and when needed and on reasonable terms, that third party\ncontractors, equipment and supplies and governmental and other approvals\nrequired to conduct the Company's planned exploration activities will be\navailable on reasonable terms and in a timely manner. Although the assumptions\nmade by the Company in providing forward-looking information are considered\nreasonable by management at the time, there can be no assurance that such\nassumptions will prove to be accurate.\n\nForward-looking information and statements also involve known and unknown\nrisks and uncertainties and other factors, which may cause actual events or\nresults in future periods to differ materially from any projections of future\nevents or results expressed or implied by such forward-looking information or\nstatements, including, among others: negative operating cash flow and\ndependence on third party financing; uncertainty of additional financing; no\nknown current mineral resources or reserves; the limited operating history of\nthe Company; aboriginal title and consultation issues; reliance on key\nmanagement and other personnel; actual results of exploration activities being\ndifferent than anticipated; changes in exploration programs based upon\nresults; availability of third party contractors; availability of equipment\nand supplies; failure of equipment to operate as anticipated; accidents;\neffects of weather and other natural phenomena and other risks associated with\nthe mineral exploration industry; environmental risks; changes in laws and\nregulations; community relations and delays in obtaining governmental or other\napprovals and the risk factors with respect to the Company set out in the\nCompany's filings with the Canadian securities regulators and available under\nthe Company's profile on SEDAR+ at www.sedarplus.ca.\n\nAlthough the Company has attempted to identify important factors that could\ncause actual results to differ materially from those contained in\nforward-looking information, there may be other factors that cause results not\nto be as anticipated, estimated or intended. There can be no assurance that\nsuch information will prove to be accurate, as actual results and future\nevents could differ materially from those anticipated in such information.\nAccordingly, readers should not place undue reliance on forward-looking\ninformation. The Company does not undertake to update any forward-looking\ninformation, except in accordance with applicable securities laws.\n\nNot for distribution to United States newswire services or for dissemination\nin the United States.\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/318447","article_body_html":"","raw_payload":{"data":{"id":"nNFCGXHz5-20261009","title":"Elton Announces Private Placement of Flow Through Units","author":"Newsfile Corp","ticker":"DBAY","created":"2026-10-09T21:27:52.661Z","tickers":["DBAY"],"exchange":"","article_body":"Vancouver, British Columbia--(Newsfile Corp. - October 9, 2026) - Elton\nResources Corp. (TSXV: DBAY) (formerly Chicane Capital I Corp.) (the\n\"Company\") is pleased to announce a non-brokered private placement financing\n(the \"Offering\") of up to 22,727,273 \"flow through\" units of the Company (\"FT\nUnits\") at a price per FT Unit of $0.22 for aggregate gross proceeds of up to\napproximately $5,000,000.\n\nEach FT Unit will be comprised of one flow-through common share of the Company\n(each, a \"FT Share\") that will qualify as a \"flow-through share\" within the\nmeaning of subsection 66(15) of the Income Tax Act (Canada) (the \"Tax Act\")\nand one-half of one flow-through common share purchase warrant of the Company\n(each whole warrant, a \"FT Warrant\") that will qualify as a \"flow-through\nshare\" within the meaning of subsection 66(15) of the Tax Act. Each whole FT\nWarrant shall be exercisable for a period of three (3) years from the date of\nissuance thereof for one common share of the Company (each, a \"Warrant\nShare\"), on a non-flow through basis, at an exercise price of $0.30.\n\nThe gross proceeds from the issuance of the FT Shares and the FT Warrants will\nbe used to incur \"Canadian exploration expenses\" as defined in subsection\n66.1(6) of the Tax Act that qualify as \"flow-through critical mineral mining\nexpenditures\" as defined in subsection 127(9) of the Tax Act (the \"Qualifying\nExpenditures\"). The Qualifying Expenditures will be incurred on or before\nDecember 31, 2027 and will be renounced by the Company to the initial\npurchasers of the FT Shares and the FT Warrants with an effective date no\nlater than December 31, 2026 in an aggregate amount not less than the gross\nproceeds raised from the issue of the FT Shares and the FT Warrants. In the\nevent the Company is unable to renounce Qualifying Expenditures effective on\nor prior to December 31, 2026 for each FT Share and FT Warrant in an aggregate\namount not less than the gross proceeds raised from the issue of FT Shares and\nthe FT Warrants, and/or the Qualifying Expenditures are otherwise reduced by\nthe Canada Revenue Agency, the Company will indemnify each subscriber for the\nadditional taxes payable by such subscriber as a result of the Company's\nfailure to renounce the Qualifying Expenditures or as a result of the\nreduction, in accordance with the terms of the applicable subscription\nagreement.\n\nIt is expected that the FT Units, FT Shares, FT Warrants and Warrant Shares\nissued pursuant to the Offering will be subject to a hold period of four\nmonths and one day from the date of issuance pursuant to applicable securities\nlaws in Canada.\n\nThe Offering is expected to close on such date or dates in one or more\ntranches as may be determined by the Company. The closing of the Offering is\nsubject to certain conditions including, but not limited to, the approval of\nthe TSX Venture Exchange (the \"TSXV\").\n\nIn connection with the Offering, subject to TSXV and other approvals, the\nCompany may pay to certain finders, fees of up to 6.0% in cash and\nnon-transferable warrants equal to up to 6.0% of the number of FT Units sold\nunder the Offering. Each such warrant is expected to be exercisable to acquire\none common share of the Company for a period of three (3) years from the date\nof issuance thereof at an exercise price of $0.20, or such other price as may\nbe acceptable to the TSXV.\n\nAny participation by \"related parties\" (as such term is defined under\nMultilateral Instrument 61-101 - Protection of Minority Security Holders in\nSpecial Transaction (\"MI 61-101\")) of the Company in the Offering will\nconstitute a related party transaction under MI 61-101 but is expected to be\nexempt from the formal valuation and minority shareholder approval\nrequirements of MI 61-101.\n\nAbout Elton Resources Corp.\n\nThe Company is a mining exploration company focused on the exploration and\ndevelopment of the Darnley Bay project in Northwest Territories, Canada. The\nCompany trades on the TSX Venture Exchange under the symbol \"DBAY\". For more\ninformation, please visit www.eltonresources.com.\n\nFurther Information\n\nFor further information, please contact:\n\nElton Resources Corp.\nc/o Suite 2600, 1066 West Hastings Street\nVancouver, British Columbia\nV6E 3X1 Canada\n\nContact: Carson Phillips\nTelephone: 604-657-5871\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nThis news release does not constitute an offer to sell or a solicitation of an\noffer to buy nor shall there be any sale of any of the securities in any\njurisdiction in which such offer, solicitation or sale would be unlawful,\nincluding any of the securities in the United States of America. The\nsecurities of the Company have not been and will not be registered under the\nUnited States Securities Act of 1933, as amended (the \"U.S. Securities Act\")\nor any state securities laws and may not be offered or sold within the United\nStates or to, or for the account or benefit of, U.S. persons unless registered\nunder the U.S. Securities Act and applicable state securities laws, or an\nexemption from such registration requirements is available. \"United States\"\nand \"U.S. person\" have the meaning ascribed to them in Regulation S under the\nU.S. Securities Act.\n\nCautionary Note Regarding Forward-Looking Information\n\nThe information contained herein contains \"forward-looking information\" within\nthe meaning of applicable Canadian securities legislation. \"Forward-looking\ninformation\" includes, but is not limited to, statements with respect to the\nactivities, events or developments that the Company expects or anticipates\nwill or may occur in the future, including, without limitation, statements\nwith respect to, the completion of the Offering; the expected gross proceeds\nof the Offering; the use of proceeds from the Offering; the anticipated\ndate(s) for closing of the Offering; the receipt of all necessary regulatory\nand other approvals, including approval of the TSXV; the expected incurrence\nby the Company of eligible Canadian exploration expenses that will qualify as\nflow-through critical mineral mining expenditures on or before December 31,\n2027; and the renunciation by the Company of the Canadian exploration expenses\n(on a pro rata basis) to each subscriber of FT Shares and FT Warrants by no\nlater than effective December 31, 2026. Generally, but not always,\nforward-looking information can be identified by the use of words such as\n\"plans\", \"expects\", \"is expected\", \"budget\", \"scheduled\", \"estimates\",\n\"forecasts\", \"intends\", \"anticipates\", or \"believes\" or the negative\nconnotation thereof or variations of such words and phrases or state that\ncertain actions, events or results \"may\", \"could\", \"would\", \"might\" or \"will\nbe taken\", \"occur\" or \"be achieved\" or the negative connotation thereof.\n\nSuch forward-looking information is based on numerous assumptions, including\namong others, that the results of planned exploration activities are as\nanticipated, the price of metals and other commodities, the anticipated cost\nof planned exploration activities, that general business and economic\nconditions will not change in a material adverse manner, that financing will\nbe available if and when needed and on reasonable terms, that third party\ncontractors, equipment and supplies and governmental and other approvals\nrequired to conduct the Company's planned exploration activities will be\navailable on reasonable terms and in a timely manner. Although the assumptions\nmade by the Company in providing forward-looking information are considered\nreasonable by management at the time, there can be no assurance that such\nassumptions will prove to be accurate.\n\nForward-looking information and statements also involve known and unknown\nrisks and uncertainties and other factors, which may cause actual events or\nresults in future periods to differ materially from any projections of future\nevents or results expressed or implied by such forward-looking information or\nstatements, including, among others: negative operating cash flow and\ndependence on third party financing; uncertainty of additional financing; no\nknown current mineral resources or reserves; the limited operating history of\nthe Company; aboriginal title and consultation issues; reliance on key\nmanagement and other personnel; actual results of exploration activities being\ndifferent than anticipated; changes in exploration programs based upon\nresults; availability of third party contractors; availability of equipment\nand supplies; failure of equipment to operate as anticipated; accidents;\neffects of weather and other natural phenomena and other risks associated with\nthe mineral exploration industry; environmental risks; changes in laws and\nregulations; community relations and delays in obtaining governmental or other\napprovals and the risk factors with respect to the Company set out in the\nCompany's filings with the Canadian securities regulators and available under\nthe Company's profile on SEDAR+ at www.sedarplus.ca.\n\nAlthough the Company has attempted to identify important factors that could\ncause actual results to differ materially from those contained in\nforward-looking information, there may be other factors that cause results not\nto be as anticipated, estimated or intended. There can be no assurance that\nsuch information will prove to be accurate, as actual results and future\nevents could differ materially from those anticipated in such information.\nAccordingly, readers should not place undue reliance on forward-looking\ninformation. The Company does not undertake to update any forward-looking\ninformation, except in accordance with applicable securities laws.\n\nNot for distribution to United States newswire services or for dissemination\nin the United States.\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/318447"},"type":"article","timestamp":"2026-10-09T21:27:52.72127878Z","server_sent_at_ms":1791581272721},"received_at":"2026-10-09T21:27:52.772Z","source_url":"https://www.newsfilecorp.com/release/318447"},"analysis":{"id":"154177","press_release_id":"165792","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["dilutive private placement with 3-year attached warrants at $0.30 and finder warrants at $0.20","company will indemnify subscribers for additional taxes if exploration expenditure renunciation fails or CRA reduces qualifying expenditures","prior closing price not disclosed -- discount to market unverifiable"],"eventType":"offering","narrative":"Elton Resources Corp. announced a non-brokered private placement of up to 22,727,273 flow-through units at $0.22 per unit for gross proceeds of up to approximately $5 million.\n\nEach unit consists of one flow-through share plus half a warrant exercisable at $0.30 for three years, with proceeds to fund Canadian exploration expenses renounced by December 31, 2026 and incurred by December 31, 2027 at the Darnley Bay project.\n\nThe placement is dilutive and carries standard TSXV listing approval conditions, plus finder fees of up to 6.0% in cash and warrants; no prior closing price is disclosed, so the market discount cannot be assessed.","sentiment":"bearish","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine micro-cap flow-through financing for exploration spending -- monitor for tranche closings and TSXV approval."},"keyFigures":{"dealValueUsd":5000000,"offeringPrice":0.22,"sharesOffered":22727273,"customDimensions":{"finder_fees":"up to 6.0% cash and 6.0% warrants","hold_period":"4 months and one day","warrant_term":"3 years","warrant_exercise_price":0.3,"finder_warrant_exercise_price":0.2}},"namedEntities":{"people":[{"name":"Carson Phillips","role":"company contact"}],"products":["Darnley Bay project"],"companies":[{"name":"Elton Resources Corp.","ticker":"DBAY","relationship":"issuer"},{"name":"TSX Venture Exchange","relationship":"exchange"},{"name":"Canada Revenue Agency","relationship":"regulator"}],"dollarAmounts":[{"amount":"$5,000,000","context":"aggregate gross proceeds of the flow-through private placement"},{"amount":"$0.22","context":"price per FT Unit"},{"amount":"$0.30","context":"FT Warrant exercise price"},{"amount":"$0.20","context":"finder warrant exercise price"}]},"materialImpact":{"score":2,"reasoning":"Routine small-cap non-brokered flow-through private placement of up to ~$5M to fund exploration at the Darnley Bay project. Dilutive but modest in size and standard for TSXV exploration issuers."},"tickerRelevance":{"others":[],"primary":"DBAY"},"globalImportance":12,"audienceRelevance":8,"eventTypeSecondary":["dilution"],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"routine-small-cap-private-placement","issuerAuthored":true,"dilutionMateriality":"modest"}},"event_type":"offering","event_type_secondary":["dilution"],"sentiment":"bearish","material_impact_score":2,"narrative":"Elton Resources Corp. announced a non-brokered private placement of up to 22,727,273 flow-through units at $0.22 per unit for gross proceeds of up to approximately $5 million.\n\nEach unit consists of one flow-through share plus half a warrant exercisable at $0.30 for three years, with proceeds to fund Canadian exploration expenses renounced by December 31, 2026 and incurred by December 31, 2027 at the Darnley Bay project.\n\nThe placement is dilutive and carries standard TSXV listing approval conditions, plus finder fees of up to 6.0% in cash and warrants; no prior closing price is disclosed, so the market discount cannot be assessed.","key_figures":{"dealValueUsd":5000000,"offeringPrice":0.22,"sharesOffered":22727273,"customDimensions":{"finder_fees":"up to 6.0% cash and 6.0% warrants","hold_period":"4 months and one day","warrant_term":"3 years","warrant_exercise_price":0.3,"finder_warrant_exercise_price":0.2}},"named_entities":{"people":[{"name":"Carson Phillips","role":"company contact"}],"products":["Darnley Bay project"],"companies":[{"name":"Elton Resources Corp.","ticker":"DBAY","relationship":"issuer"},{"name":"TSX Venture Exchange","relationship":"exchange"},{"name":"Canada Revenue Agency","relationship":"regulator"}],"dollarAmounts":[{"amount":"$5,000,000","context":"aggregate gross proceeds of the flow-through private placement"},{"amount":"$0.22","context":"price per FT Unit"},{"amount":"$0.30","context":"FT Warrant exercise price"},{"amount":"$0.20","context":"finder warrant exercise price"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-09T21:27:58.992Z","global_importance":12,"audience_relevance":8,"importance_components":{"tickerTier":"micro-cap","eventGravity":"routine-small-cap-private-placement","issuerAuthored":true,"dilutionMateriality":"modest"}},"durationMs":5996,"modelName":"glm-5.3-flashx"}}