ESKYF - Eskay Mining to raise C$7M in capital through stock issuance

Eskay Mining (OTCQB:ESKYF) plans to offer non-brokered private placement of up to C$7M of flow-through units to be sold to charitable purchasers at C$3.15/Charity FT Unit. "This financing along with more than C$12M in warrants we anticipate to be exercised will complete our needs to undertake Eskay's expansive exploration plan in 2022," CEO Mac Balkam commented. Each Charity FT Unit will consist of one share to be issued as flow-through share and one share purchase warrant wherein warrant holder is entitled to purchase one share at C$3.40 at any time on or before that date which is 24 months after the closing date. Proceeds from the sale of Charity FT Units will be used to incur Canadian exploration expenses. Offer is scheduled to close on or around Apr.20.

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Eskay Mining to raise C$7M in capital through stock issuance