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Source: CAVU Mining Corp.
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  • CAVU Mining (CAVU) has announced a non-brokered private placement for gross proceeds of up to $2,000,000
  • The company will issue units priced at $0.40 and flow-through units at $0.45
  • Each unit and FT unit will consist of one common share of the company and one half of one common share purchase warrant
  • Net proceeds will be used to fund the exploration of the company’s Hopper Copper-Gold Project in SW Yukon and for general working capital purposes
  • CAVU Mining Corp. is focused on the acquisition, exploration and development of mineral projects containing metals used in the renewable energy sector
  • CAVU Mining Corp. (CAVU) opened trading at C$0.435 per share

CAVU Mining (CAVU) has announced a non-brokered private placement for gross proceeds of up to $2,000,000.

The company will issue up to 2,500,000 units at a price of $0.40 per unit and up to 2,222,222 flow-through units at a price of $0.45 per FT unit.

Red Cloud Securities Inc. is acting as a finder in connection with the offering.

Each unit and FT unit will consist of one common share of the company and one half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at a price of C$0.60 for up to 24 months following the closing of the offering.

The net proceeds from the sale of units will be used to fund the exploration of the company’s Hopper Copper-Gold Project in SW Yukon and for general working capital purposes. 

The closing of the offering is subject to receipt of all necessary regulatory approvals including the Canadian Securities Exchange. 

CAVU Mining Corp. is a mining company engaged in the acquisition, exploration and development of mineral projects containing metals used in green technologies and the renewable energy sector.

CAVU Mining Corp. (CAVU) opened trading at C$0.435 per share.

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