- 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.
