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  • Sherpa (SHRP) has closed its previously announced non-brokered private placement for aggregate gross proceeds of $470,000
  • The offering consisted of 1,500,000 units and 3,500,000 flow-through units
  • Proceeds from the sale of the FT units will be used for exploration expenditures at the Bakar claims
  • Proceeds from the sale of the units will be used for working capital purposes
  • Sherpa II Holdings Corp. is a Canadian mineral exploration company
  • Sherpa II Holdings Corp. (SHRP) is up 3.23 per cent on the day, trading at C$0.16 per share at 3 pm EST

Sherpa (SHRP) has closed its previously announced non-brokered private placement for aggregate gross proceeds of $470,000.

The offering consisted of 1,500,000 units and 3,500,000 flow-through units.

Each unit was priced at $0.08 and consisted of one common share and one common share purchase warrant. Each purchase warrant entitles the holder to purchase one additional common share at an exercise price of $0.12 until November 26, 2023. Each FT unit was priced at $0.10. Each FT warrant entitles the holder to purchase one additional non-flow-through common share at an exercise price of $0.15 until November 26, 2023. 

Proceeds from the sale of the FT units will be used for exploration expenditures at the Bakar claims located in northwestern Vancouver Island. Proceeds from the sale of the units will be used for working capital purposes.

All securities issued are subject to a four-month hold period expiring March 27, 2022, in accordance with applicable securities laws.

Sherpa II Holdings Corp. is a Canadian mineral exploration company with an 80 per cent interest in the Bakar Claims located in northwestern Vancouver Island and a 100 per cent interest in all technical data relating to the Bakar claims.

Sherpa II Holdings Corp. (SHRP) is up 3.23 per cent on the day, trading at C$0.16 per share at 3 pm EST.

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