# Purecore Announces $2.5M Private Placement

> Purecore Metals plans to raise up to $2.5 million through non-brokered private shares and flow-through units.
- Title: Purecore Announces $2.5M Private Placement · Financialpost
- Summary: Purecore Metals plans to raise up to $2.5 million through non-brokered private shares and flow-through units. Purecore Metals Inc. will raise up to C$2.5…
- Keywords: purecore, purecore metals, cse, non-brokered private placement, flow-through units, mineral exploration, critical minerals, money, business, Announces, Private, Placement
- Source: Financialpost — https://financialpost.com/globe-newswire/purecore-announces-up-to-2-5-million-non-brokered-private-placement
- Read time: 1 min
- Topics: purecore, purecore metals, cse, non-brokered private placement, flow-through units, mineral exploration, critical minerals, money, business
## Purecore Metals Announces Offering
Purecore Metals Inc. (CSE: PURE) (FSE: J8Y) (OTCQB: PPURF) intends to complete a non-brokered private placement for aggregate gross proceeds of up to C$2,500,000.
## Offering Structure
The Offering includes hard dollar units at C$1.35 each and flow-through units at C$1.50 each.
## Hard Dollar Units Details
Each HD Unit includes one Common Share and one Warrant to acquire a Warrant Share at C$2.00 for 36 months.
## Flow-Through Units Details
Each FT Unit includes one flow-through Common Share and one Warrant to acquire an additional non-flow-through Common Share at C$2.00 for 36 months.
## Warrant Acceleration Clause
Warrants may expire early if the Common Shares reach C$2.50 for ten consecutive trading days after four months from closing.
## Use of Proceeds
Net proceeds will fund mineral exploration, property acquisitions, and general corporate activities including marketing and investor relations.
## Key takeaway

Purecore Metals Inc. will raise up to C$2.5 million via non-brokered private placement for mineral exploration and critical mineral projects.