- Cortus Metals (CRTS) is extending its private placement to November 14, 2021
- The company raised gross proceeds of $600,000.00 from the initial tranche of the offering
- Cortus intends to raise a further $900,000 through the sale of up to 6,000,000 units
- Proceeds of the financing will be utilized for exploration expenditures on the company’s mineral properties
- Cortus Metals is a Canadian mineral exploration company with a portfolio of highly prospective early-stage gold and silver projects located in the basins of Nevada
- Cortus Metals Inc. (CRTS) is currently trading at C$0.125 per share
Cortus Metals (CRTS) is extending its previously announced private placement to November 14, 2021.
The company completed an initial tranche of the financing on August 31, raising gross proceeds of $600,000.00 through the sale of 4,000,000 units at a price of $0.15 per unit.
Cortus intends to raise a further $900,000 through the sale of up to 6,000,000 units. Proceeds of the financing 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.
Each unit will consist of one common share and one half of one share purchase warrant. Each whole warrant entitles the holder to acquire an additional share at a price of $0.25 for a period of one year.
The warrants will be subject to an accelerated expiry provision.
Cortus Metals is a Canadian mineral exploration company with a portfolio of highly prospective early-stage gold and silver projects located in the basins of Nevada.
Cortus Metals Inc. (CRTS) is currently trading at C$0.125 per share.
