Drilling at Tyko
Source: Palladium One Mining
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  • Palladium One (PDM) has closed its non-brokered private placement raising gross proceeds of $4,350,000
  • The company issued 15,000,000 flow-through shares at a price of C$0.29 per share
  • Desjardins Capital Markets acted as a finder and Sprott Capital Partners LP and Echelon Capital Markets acted as financial advisors
  • Palladium One Mining Inc is a Canadian palladium, PGE, nickel, copper exploration and development company
  • Palladium One Mining Inc. (PDM) opened trading at C$0.18 per share

Palladium One (PDM) has closed its previously announced non-brokered private placement financing raising aggregate gross proceeds of $4,350,000.

The company issued 15,000,000 flow-through shares at a price of C$0.29 per share.

The securities issued are subject to a four-month hold period that will expire on April 17, 2022. The offering is subject to the final acceptance of the TSX Venture Exchange.

Desjardins Capital Markets acted as a finder and Sprott Capital Partners LP and Echelon Capital Markets acted as financial advisors. The company paid the finder and advisors a total cash fee of $261,000 and issued 900,000 non-transferable common share purchase warrants.

Palladium One Mining is a Canadian mineral exploration and development company targeting district scale, platinum-group-element (PGE)-copper-nickel deposits. Its flagship project is the Läntinen Koillismaa (LK) Project in north-central Finland.

Palladium One Mining Inc. (PDM) opened trading at C$0.18 per share.

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