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  • Heritage Mining (HML) has completed an initial public offering and begins trading on the CSE on August 26, 2022
  • The company raised gross proceeds of $2,630,000
  • Funds raised from its IPO will be used to advance its flagship Drayton-Black Lake Project in Northern Ontario
  • Heritage Mining (HML) is a Canadian mineral exploration corporation advancing multiple high grade gold projects in Northern Ontario
  • Heritage Mining (HML) will begin trading on the CSE on August 26th

Heritage Mining (HML) has completed its initial public offering and begins trading on the CSE on August 26th.

The offering is for units and flow-through (FT) units of the corporation at $0.25/unit and $0.28/FT unit. The offering includes a total of 7,973,581 units and 2,320,210 FT units for gross proceeds of $2,630,000. Heritage Mining begins trading on the CSE on August 26 under the symbol HML.

Each unit consists of one common share and one common share purchase warrant. Each FT unit consists of one common share, qualifying as a “flow-through share”, and 1 warrant. Each warrant provides for an additional common share at $0.40 per warrant share.

The corporation intends to use the money to advance its flagship Drayton-Black Lake Project in Northern Ontario and overall development of the corporation.

The corporation, Red Cloud Securities, Canaccord Genuity, M Partners and PI Financial came to an ‘agency agreement’ on May 31st, where the corporation paid the agents an aggregate commission of $173,345. The agents also received options to acquire 677,137 common shares at $0.25 for up to 36 months upon closing date.

Starting tomorrow, Heritage will be trading on the CSE using the symbol “HML”. Issuing an aggregate of 3,307,000 common shares pursuant to the requirements of its existing contractual arrangements relating to its mineral properties at $0.25/common share.

Heritage Mining (HML) is a Canadian mineral exploration corporation advancing multiple high grade gold projects in Northern Ontario.

Heritage Mining (HML) will begin trading on the CSE on August 26th.


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