Source: 1844 Resources.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • 1844 Resources (EFF) has closed a public offering for gross proceeds of $508,200
  • The company issued 10,164,000 common shares at a price of $0.05 per share
  • Net proceeds will be used for ongoing exploration expenditures on the company’s properties
  • 1844 is an exploration company with a focus on strategic and energetic metals
  • 1844 Resources Inc. (EFF) is unchanged on the day, trading at C$0.04 per share at 2 pm ET

1844 Resources (EFF) has closed a public offering for gross proceeds of $508,200.

The company issued 10,164,000 common shares at a price of $0.05 per share. 

Leede Jones Gable Inc conducted the offering. It included a syndicate of brokers, including Raymond James Ltd., Richardson Wealth, Echelon Wealth Partners Inc. and Equity Capital Markets Compensation Securities.

The company issued a total of 813,120 non-transferable compensation options and a cash commission of $40,565, and a corporate finance fee of $25,000.

Net proceeds will be used for ongoing exploration expenditures on the company’s properties and general corporate purposes.

1844 is an exploration company with a focus on strategic and energetic metals. The company’s exploration properties include the Vortex, Davidson, Native Copper and Lac Arsenault.

1844 Resources Inc. (EFF) is unchanged on the day, trading at C$0.04 per share at 2 pm ET.


More From The Market Herald

" Prime Meridian (TSXV:PMR) announces $1M financing

Prime Meridian Resources Corp. (PMR) has signed a non-brokered private placement financing agreement for proceeds of up to $1 million.

" Fortune Bay (TSXV:FOR) files Goldfields PEA

Fortune Bay (FOR) has filed an independent preliminary economic assessment (PEA) for its Goldfields Project in Saskatchewan.

" Emperor Metals (CSE:AUOZ) announces $5M private placement

Emperor Metals (AUOZ) has announced a non-brokered private placement for gross proceeds of up to $5,001,550.

" BRP (TSX:DOO) boosts its Kart portfolio with Rotax E-Powertrain

BRP (DOO) launched a new e-powertrain, the Rotax E10, bolstering its electric offering for karting.