2023-08-16 07:42:39 ET
- Mineral exploration company Nevada Sunrise Metals ( TSXV: NEV:CA ) ( OTCPK:NVSGF ) said on Wednesday that it has launched an up to $1.6M non-brokered private placement consisting of 20M units at $0.08 per unit.
- Each unit consists of one share and one share purchase warrant.
- Each warrant entitles the holder to purchase one share at $0.12.
- The proceeds will be used to complete a National Instrument 43-101-compliant mineral resource estimate for the company's Gemini Lithium Project located in Esmeralda County, Nevada; complete a preliminary economic assessment in conjunction with the release of a maiden mineral resource estimate for Gemini; complete exploration work on the company's mineral properties; other lithium property investigations; and general working capital.
- Source: Press Release
For further details see:
Nevada Sunrise Metals launches up to $1.6M private placement of units