From Financialpost · · 1m 10s
Purecore Metals Upsizes Private Placement to $3.5M
Purecore Metals expands its non-brokered private placement to C$3.5M as investor demand grows.
In brief
Purecore Metals expands its non-brokered private placement to C$3.5M as investor demand grows. Purecore Metals increased its private placement to C$3.5M from C$2.5M due to strong investor interest. Originally reported by Financialpost.
Purecore Metals Announces Upsized Private Placement
Purecore Metals Inc. (CSE: PURE) has upsized its non-brokered private placement from C$2,500,000 to up to C$3,500,000 due to strong investor demand.
Offering Structure Details
The Offering includes hard dollar units at C$1.35 each and flow-through units at C$1.50 each, with all other terms unchanged.
Use of Proceeds
Net proceeds will fund mineral exploration, property expenditures, acquisitions, consulting services, and general corporate activities.
Flow-Through Units Purpose
Gross proceeds for flow-through units will cover eligible Canadian exploration expenses qualifying as flow-through mining expenditures.
Renunciation of Expenditures
Purecore plans to renounce qualifying expenditures to flow-through unit subscribers by December 31, 2026.
Closing Conditions
Completion depends on customary closing conditions and regulatory requirements, including CSE policies.
Securities Restrictions
All securities issued will have a four-month hold period from issuance under Canadian securities laws.
In short
Purecore Metals increased its private placement to C$3.5M from C$2.5M due to strong investor interest.
