Source: C3 Metals.
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  • C3 Metals (CCCM) has closed its C$19M bought-deal private placement
  • The company will use the proceeds to expand the drill program at its Jasperoide Property in Peru
  • It also plans to undertake a maiden drill program at its Bellas Gate Property in Jamaica
  • C3 Metals is an exploration company focused on the discovery and development of large copper-gold deposits in Peru, Jamaica and Canada
  • C3 Metals (CCCM) is down by 5 per cent trading at $0.19 per share

C3 Metals (CCCM) has closed its C$19M bought-deal private placement.

The company issued 101,582,178 common shares priced at $0.19 per share for gross proceeds of $19,300,614, including a partial exercise of the over-allotment option.

It will use the proceeds to:

  • Expand the drill program at its 100-per-cent owned Jasperoide high-grade copper-gold skarn property in Peru
  • Undertake a maiden drill program at its Bellas Gate Property in Jamaica
  • Increase general working capital

Canaccord Genuity served as lead underwriter on behalf of a syndicate including Haywood Securities and Beacon Securities Limited.

Tectonic Advisory Partners acted as advisor to the company.

C3 Metals is an exploration company focused on the discovery and development of large copper-gold deposits in Peru, Jamaica and Canada.

C3 Metals (CCCM) is down by 5 per cent trading at $0.19 per share as of 3:00 pm ET.

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