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Vancouver, British Columbia, July 21, 2021 (Global News Agency)-Major precious metals companies (“Major precious metals“Or”the company“) (CSE:size, Over-the-counter transactions:Nishizao, FRANKFURT:3EZ)) is pleased to announce that it has completed a non-brokered private placement (“Private placement“) of the company with 4,285,715 units (“unit“) is priced at $0.35 per unit, and the total income is $1,500,000.25. Each unit includes one (1) common stock of the company (“Common stock“) and a transferable common stock to purchase half of the warrants (two warrants are “Guarantee“). Each warrant gives its holder the right to purchase one (1) additional share of common stock at a price of $0.70 per common share within two (2) years after the close. If the closing price of the common stock is During ten (10) consecutive trading days at any time after the end of the private placement, a price of US$1.20 or higher per common share is listed on the Canadian Stock Exchange (or such other exchanges that can trade common shares at that time), the company The expiration date of the warrants can be expedited by issuing a notice to its holders (by issuing a press release notifying the expiration date of the warrants in advance), in which case the warrants will be issued on the thirty (30) Expiration date.day) The day after the notification date.
The company intends to use the net proceeds from the private placement to support the ongoing large-scale diamond drilling activities of the Skaergaard project in eastern Greenland. The drilling program is expected to begin in the next few weeks, and the mobilization of personnel to Greenland is already underway. Drilling personnel, equipment and logistics support are…
The full story on Benzinga.com
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