Source: Bathurst Metals Corp.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Bathurst Metals Corp. (BMV) has closed its private placement for gross proceeds of $160,000.00
  • The company issued 1,600,000 units for $0.10 per unit
  • Proceeds of the private placement will be used for working capital
  • Bathurst Metals Corp is an exploration company that holds interests in several mineral properties in Canada
  • Bathurst Metals (BMV) opened trading at C$0.10

Bathurst Metals Corp. (BMV) has closed its private placement for gross proceeds of $160,000.00.

The company issued 1,600,000 units for $0.10 per unit. Each unit has one common share and one non-transferable common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of $0.20 for one year.

Finders’ fees of 7% cash were paid on a portion of the offering.

The securities issued are subject to a statutory four-month hold period.

Proceeds of the private placement will be used for working capital.

Bathurst Metals Corp is an exploration company engaged in the acquisition, exploration, and development of mineral properties in Canada. The company holds an interest in the Turner Lake, McGregor Lake, Gela Lake, McAvoy Lake, and Speers Lake projects.

Bathurst Metals (BMV) opened trading at C$0.10.


More From The Market Herald

" Defense Metals (TSXV:DEFN) closes oversubscribed private placement

Defense Metals (DEFN) has closed its oversubscribed non-brokered private placement for gross proceeds of $6,094,020.66.

" The INX Digital Company (NEO:INXD) announces plans to integrate the Avalanche Blockchain with INX.One

The INX Digital Company (INXD) plans to fully integrate the Avalanche Blockchain with INX.One 

" Teck Resources (TSX:TECK.A) and Earth Rangers partner to support wildlife conservation

Teck Resources Limited (TECK.A) and Earth Rangers expand their partnership to support wildlife conservation programs and engage young Canadians in biodiversity programming.