- 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.
