- Cortus Metals (CRTS) has completed the first tranche of its previously announced private placement
- The company raised gross proceeds of $600,000.00 through the sale of 4,000,000 units
- The proceeds will be utilized for exploration expenditures on the company’s mineral properties
- Cortus Metals Inc is a mineral exploration company with projects in Nevada
- Cortus Metals Inc. (CRTS) opened trading at C$0.15 per share
Cortus Metals (CRTS) has completed the first tranche of its previously announced private placement.
The company raised gross proceeds of $600,000.00 through the sale of 4,000,000 units at a price of $0.15 per unit.
Each unit included one common share and one half of one share purchase warrant. Each whole warrant entitles the holder to acquire an additional common share at a price of $0.25 per share until August 31, 2022.
The warrants are subject to an accelerated expiry provision if the closing price of the shares is equal to or greater than $0.30 for a period of five consecutive trading days.
Finder’s fees of $24,012 in cash and 160,080 in finder’s warrants were paid to registered dealers in connection with the financing. The securities issued are subject to a four-month hold period expiring on January 1, 2022.
The proceeds will be utilized for exploration expenditures on the company’s mineral properties, including land maintenance costs and general working capital.
The completion of the financing remains subject to the approval of the TSXV. The company anticipates completing further tranches of the financing shortly.
Cortus Metals Inc is a mineral exploration company with projects in Nevada.
Cortus Metals Inc. (CRTS) opened trading at C$0.15 per share.
