From Financialpost · · 50s
Purecore Closes $3.52M Private Placement
Purecore Metals completes $3.52M oversubscribed private placement with flow-through and hard dollar units.
In brief
Purecore Metals completes $3.52M oversubscribed private placement with flow-through and hard dollar units. Purecore Metals Inc. closed a non-brokered private placement raising C$3,523,754.50 through 1,000,668 flow-through units and 1,498,335 hard dollar units. Originally reported by Financialpost.
Purecore Metals Announces Private Placement
Purecore Metals Inc. closed a non-brokered private placement for aggregate gross proceeds of C$3,523,754.50.
1,000,668 Flow-Through Units Issued
1,000,668 flow-through units sold at c$1.50 per unit for aggregate gross proceeds of c$1,501,002.
1,498,335 Hard Dollar Units Issued
1,498,335 hard dollar units sold at c$1.35 per unit for aggregate gross proceeds of c$2,022,752.50.
Warrant Acceleration Provision
Warrants may accelerate expiry if common shares reach c$2.50 for ten consecutive trading days after four months from closing.
Finder's Fees and Warrants
Company paid c$28,175.17 in finder's fees and issued 20,871 non-transferable finder's warrants.
The big picture
Purecore Metals Inc. closed a non-brokered private placement raising C$3,523,754.50 through 1,000,668 flow-through units and 1,498,335 hard dollar units.
