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  • Canadian Premium Sand (CPS) has closed its brokered and concurrent non-brokered private placements for gross proceeds of $9,630,000
  • The company issued a total of 32,100,000 units for $0.30 per unit
  • Net proceeds will be used to advance the company’s patterned solar glass manufacturing facility
  • Canadian Premium Sand (CPS) is an exploration stage company focused on developing its Wanipigow silica sand deposit in Manitoba
  • Canadian Premium Sand Inc. (CPS) opened trading at C$0.35 per share

Canadian Premium Sand (CPS) has closed its brokered and concurrent non-brokered private placements for gross proceeds of $9,630,000.

The company issued a total of 32,100,000 units for $0.30 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share for a period of two years. Warrants are subject to an acceleration clause.

Net proceeds will be used to advance the company’s patterned solar glass manufacturing facility to a shovel-ready state, with plans to commence construction by Q1 2023.

The company paid commissions and fees totaling $448,006.

Canadian Premium Sand (CPS) is an exploration stage company evaluating a high-grade silica sand deposit located northeast of Winnipeg, Manitoba.

Canadian Premium Sand Inc. (CPS) opened trading at C$0.35 per share.


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