2023-04-10 09:36:58 ET
- iMetal Resources ( TSXV: IMR:CA ) ( OTCPK:ADTFF ) said on Monday that it has closed a $1.28M non-brokered private placement, having issued 2M Quebec flow-through units and 3.13M flow-through units at $0.25 per unit.
- The Quebec units are issued to one subscriber resident in Quebec on March 31.
- The flow-through units were issued to subscribers residing in the rest of Canada on April 6.
- Each Quebec unit consists of one share and one share purchase warrant exercisable to acquire an additional share at $0.35.
- Each flow-through unit consists of one share and one share purchase warrant exercisable to acquire an additional share at $0.30.
- The proceeds will be used to incur qualifying expenditures related to the exploration company's properties.
- Source: Press Release
For further details see:
iMetal Resources raises $1.28M through offering of units