Source: Green Shift Commodities.
Market Herald logo

Find out more about this capital raise

Be the first with the news that moves the market
  • Green Shift (GCOM) has increased its non-brokered private placement for total gross proceeds of approximately $2,500,000
  • The company will issue units priced at $0.15 per unit
  • Each unit will consist of one common share and one common share purchase warrant
  • Green Shift focuses on the exploration and development of commodities needed to help decarbonize and meet net-zero goals
  • Green Shift Commodities Ltd. (GCOM) opened trading at C$0.14 per share

Green Shift (GCOM) has increased its previously announced non-brokered private placement for total gross proceeds of approximately $2,500,000.

The company will issue units priced at $0.15 per unit. Each unit will consist of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at $0.25 for 24 months following the date of issuance.

Green Shift expects to pay finder’s fees of up to 7 per cent in cash and 7 per cent in finder’s warrants. Each finder warrant entitles the holder to purchase one common share at $0.15 for 24 months following the date of issuance.

The company will use the net proceeds to advance its battery commodity and uranium portfolio projects, working capital and general corporate purposes.

The offering is expected to close on or about December 22, 2022.

The offering is being completed pursuant to the Listed Issuer Financing Exemption. The securities issued in the offering will not be subject to a hold period.

Green Shift focuses on the exploration and development of commodities needed to help decarbonize and meet net-zero goals.

Green Shift Commodities Ltd. (GCOM) opened trading at C$0.14 per share.


More From The Market Herald

" Osisko Mining (TSX:OSK) announces $75 million private placement

Osisko Mining (OSK) will undertake a C$75 million bought-deal private placement.
Dolly Varden Silver Corporation - President & CEO, Shawn Khunkhun.

" Dolly Varden Silver (TSXV:DV) reports highest-grade silver assay found so far on the Kitsault Valley Property

Dolly Varden Silver Corporation (DV) discovered the highest-grade silver assay found so far on the Kitsault Valley Property.

" Millennial Potash (TSXV:MLP) announces $2M private placement of units

Millennial Potash Corp. (MLP) has announced a private placement for gross proceeds of $2 million.

" Black Tusk Resources (CSE:TUSK) acquiring PegaLith Project

Black Tusk Resources (TUSK) has signed a $361,000 share purchase agreement to acquire 1396427 BC Ltd.