2023-07-28 08:02:49 ET
- Exploration company Carolina Rush ( OTCQB:PUCCF ) ( TSXV: RUSH:CA ) said on Friday that it is launching up to C$200,010 brokered private placement of units, as part of which the company will sell up to 1.33M units at C$0.15 per unit.
- The company has entered into an engagement agreement with Paradigm Capital for the offering.
- Also, the company is set to extend its price protection for an addition 30 days in order to complete its non-brokered private placement offering of a minimum of 13.3M units to a maximum of up to 20M units at C$0.15 per unit.
- The non-brokered private placement involves gross proceeds of a minimum of C$2M and a maximum of C$3M.
- Each unit will consist of one share and one-half of one share purchase warrant.
- Each warrant shall entitle the holder to purchase one share at C$0.20 per share.
- The net proceeds will be used for the exploration and advancement of the company's projects in southeastern U.S., and for general corporate and working capital purposes and payment of debt.
- Source: Press Release
For further details see:
Carolina Rush launches up to C$200,010 brokered private placement of units