SCD:CC - Scandium Canada Ltd. Successfully closes its Rights Offering
(TheNewswire)
MONTRÉAL, QUÉBEC – TheNewswire - July 8 2024 – Scandium Canada Ltd. (the“Company” or "Scandium Canada") ( TSX VENTURE: SCD;OTCQB: SCDCF ) is pleasedto confirm that it has received $1M from its Rights Offering launchedon June 3, 2024 and that closed on July 5, , 2024
Guy Bourassa, CEO of Scandium Canada, said, "Weare pleased with the results of the Offering, aclear demonstration of the interest of Scandium Canada’sshareholders in the development of their Company. As we are advancingthe development of the main primary source of scandium in the world,it is important to have the support of our shareholders. I wish tothank all the shareholders that participated in the Offering andwelcome new investors that decided to join. ”
Following the closing of the Rights Offering, theCompany has issued 30,769,231 new shares and 30,769,231 share purchasewarrants. Each share purchase warrant entitlesthe holder to purchase, subject to adjustment in certaincircumstances, one Common Share at a price of $0.05 for a period of 24 months from the date ofissuance .
Scandium Canada is a Canadian technology metals companyfocused on advancing its flagship Crater Lake scandium and rare earthproject in Québec.
For further information pleasecontact:
| Scandium Canada Ltd. Chief Executive Officer Email: info@scandium-canada.com Rebecca Greco Investor Relations Phone: +1 (416)822-6483 Email: fighouse@yahoo.com |
Website: www.scandium-canada.com.com Twitter: @ScandiumCanada Facebook: Scandium Canada Ltd. Linkedin.com: Scandium canada Ltd. Instagram:@scandiumcanada
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
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