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Be the first with the news that moves the market- M3 Metals (MT) has closed a non-brokered private placement of 5,000,000 units
- The company issued the units at a price of $0.24 per unit for gross proceeds of $1,200,000
- The company plans to use the proceeds from the private placement for general working capital and exploration on its G-South Project
- M3 Metals acquires, explores, and develops interests in mineral properties in North America
- M3 Metals (MT) last traded at $0.495 per share
M3 Metals (MT) has closed a non-brokered private placement of 5,000,000 units.
The company issued the units at a price of $0.24 per unit for gross proceeds of $1,200,000.
Each unit consisted of one common share and one share purchase warrant, each whole share purchase warrant being exercisable for a period of two years at a price of $0.32 per share.
The company plans to use the proceeds from the private placement for general working capital and exploration on its G-South Project.
All securities issued regarding the financing are subject to a four-month hold period, expiring on June 8, 2023.
The private placement is subject to approval from the TSX Venture Exchange.
M3 Metals acquires, explores, and develops interests in mineral properties in North America.
M3 Metals (MT) last traded at $0.495 per share.
