(Source: York Harbor Metals.)
  • York Harbour Metals (YORK) has upsized its previously announced brokered private placement for gross proceeds of up to $10,000,000
  • The company will issue in a combination of units, flow-through units and charity flow-through units
  • Net proceeds will be used for exploration and development of the company’s York Harbour Project located in Newfoundland
  • York Harbour Metals is an exploration and development company focused on its York Harbour Copper-Zinc-Silver Project, located near Corner Brook, Newfoundland
  • York Harbour Metals Inc. (YORK) opened trading at C$1.11 per share

York Harbour Metals (YORK) has upsized its previously announced brokered private placement for gross proceeds of up to $10,000,000.

The company will issue a combination of units, flow-through units and charity flow-through units. Units will be priced at $1.00 and consist of one common share and one-half of one share purchase warrant. Flow-through units will be priced at $1.20 and consist of one common share and one-half of one warrant, and charitable flow-through units will be priced at $1.50 per and consist of one common share. Each warrant will entitle the holder to purchase one additional share for $1.50 any time up to 24 months after the offering has closed.

Agents will have the option to offer for sale up to an additional 15 per cent of the units, FT units and charity FT units at any time up to 48 hours before the closing of the offering.

The offering is scheduled to close on or about June 20, 2022.

Net proceeds will be used to explore and develop the company’s York Harbour Project located in Newfoundland and for general working capital purposes.

The agents will receive a total cash fee equal to 6 per cent of the gross proceeds from the offering and non-transferable compensation warrants.

All securities issued will be subject to a statutory four-month hold period.

York Harbour Metals is an exploration and development company focused on its York Harbour Copper-Zinc-Silver Project, located near Corner Brook, Newfoundland.

York Harbour Metals Inc. (YORK) opened trading at C$1.11 per share.

More From The Market Online
Man riding bull on a chart

Three micro-cap stocks on an upswing worth riding

It takes an encyclopedic drive to build a sense of the Canadian micro-cap stock universe and identify the highest probabilities for success.
Vizsla Silver's core shack

Vizsla Silver drilling contractor dies in landslide

Vizsla Silver (TSX:VZLA) reports the death of a drilling contractor at its Panuco silver and gold project in Mexico.
Gold Terra senior project geologist Ryan Bachynski examining drill core

Gold Terra Resource breaks ground in Yellowknife

Gold Terra Resource (TSXV:YGT) initiates a drilling program on its optioned Con gold mine property in Yellowknife, Northwest Territories.
Charbone Hydrogen Corp. logo

Charbone Hydrogen sees temporary service reduction at Wolf River plant

Charbone Hydrogen (TSXV:CH) announced a temporary service reduction at its Wolf River Hydro hydropower plant following an equipment failure.