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  • CAVU Energy Metals Corp. (CAVU) has closed its non-brokered private placement
  • Under the second tranche, the company issued 1,636,666 flow-through units at $0.30 per FT Unit for proceeds of $491,000.00
  • The company issued a total of 3,333,332 FT units for total proceeds of $999,999.80
  • Net proceeds from the private placement will be used for Canadian exploration expenses
  • CAVU Energy Metals is a mining company focused on acquiring, exploring and developing mineral projects containing metals used in green technologies
  • CAVU Energy Metals Corp. (CAVU) opened trading at $0.21

CAVU Energy Metals Corp. (CAVU) has closed its previously announced non-brokered private placement for total gross proceeds of $999,999.80.

Under the second tranche, the company issued 1,636,666 flow-through units at $0.30 per flow-through (FT) unit for proceeds of $491,000.00.

Each FT unit consists of one flow-through common share and half of one common share purchase warrant.

Each warrant will be exercisable at $0.50 per share for a period of two years.

The company plans to use the gross proceeds from the private placement for Canadian exploration expenses.

CAVU Energy Metals is a mining company focused on acquiring, exploring and developing mineral projects containing metals used in green technologies and the renewable energy sector.

CAVU Energy Metals Corp. (CAVU) opened trading at $0.21.

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