First Tellurium - President and CEO, Tyrone Docherty.
President and CEO, Tyrone Docherty.
Source: YouTube.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • First Tellurium (FTEL) has closed the fourth and final tranche of its non-brokered private placement for gross proceeds of $1,804,000
  • Under the fourth tranche, the company issued 7,375,000 units priced at $0.08 per unit
  • Proceeds will be used for exploration programs on its properties, to pay outstanding accounts payable and for working capital
  • First Tellurium, formerly Deer Horn Capital, explores for metals in British Columbia through Indigenous collaboration
  • First Tellurium Corp. (FTEL) opened trading at C$0.275 per share

First Tellurium (FTEL) has closed the fourth and final tranche of its private placement for gross proceeds of $1,804,000.

Under the fourth tranche of its previously announced non-brokered private placement, the company issued 7,375,000 units priced at $0.08 per unit.

No commissions or finder’s fees were paid in connection with the fourth tranche.

All securities issued are subject to a hold period expiring March 27, 2022.

The company will use the proceeds for exploration programs on its properties, to pay outstanding accounts payable and for working capital.

First Tellurium Corp is a Canadian-based exploration company that explores for metals in British Columbia through Indigenous collaboration on industrial, social and environmental ventures.

First Tellurium Corp. (FTEL) opened trading at C$0.275 per share.

More From The Market Herald

" Victoria Gold (TSXV:GCX) reports Q2 2022 results

Victoria Gold (GCX) released its Q2 2022 results, mostly stemming from its Eagle Gold Mine in Yukon.

" Sandstorm Gold receives court approval for Nomad Royalty (TSX:NSR) acquisition

Nomad Royalty Company (NSR) announced that the Superior Court of Québec has issued a final order approving its acquisition by Sandstorm Gold Ltd.
Grizzly Discoveries Inc. - President & CEO, Brian Testo

" Grizzly (TSXV:GZD) to begin drilling targets

Grizzly Discoveries Inc. (GZD) has announced plans to begin drilling on the Greenwood Project before the end of this month.

" Winshear Gold (TSXV:WINS) upsizes private placement

Winshear Gold (WINS) has increased its previously announced non-brokered private placement financing to $650,000.