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1844 Announces Extension to the Previously Announced Private Placement for Gross Proceeds of up to $2,000,000
Saskatoon, Saskatchewan--(Newsfile Corp. - August 22, 2023) - 1844 RESOURCES Inc. (TSXV: EFF) (...
About this update from 1844 Resources Inc
[{"type":"text","content":"1844 Announces Extension to the Previously Announced Private Placement for Gross Proceeds of up to $2,000,000Saskatoon, Saskatchewan--(Newsfile Corp. - August 22, 2023) - 1844 RESOURCES Inc. (TSXV: EFF) (the \"Company\" or \"1844\") further to the Company's news release dated June 9 and July 20, 2023, 1844 announces a 30 day extension of its previously announced non-brokered private placement (the \"Offering\") to finalize remaining subscriptions and coordinate an orderly closing. The Company is keeping the same terms as previously announced and will raise up to 57,142,858 Units at $0.035 per Unit for gross proceeds of up to $2,000,000.The Units will consist of one common share of the Company and one common share purchase warrant (a \"Warrant\"). The Warrants are exercisable for a period of 36 months from closing and the exercise price is $0.055 per Warrant. In connection with the Offering, the Company will pay 8% cash finders fee and 8% non-transferable share purchase warrants, each warrant entitling the holder thereof to purchase one common share of the Company at a price of $0.05 per share for a period of 12 months from closing.1844 will use the net proceeds from the Offering in connection with its option to acquire the Hawk Ridge Project, for exploration on the Hawk Ridge Project and for general corporate purposes. Mr. Sylvain Laberge, President and CEO of the Company, commented: \"The option to acquire a 100% interest in the Hawk Ridge Project is transformational for 1844. Hawk Ridge is expected to become one of the flagship properties of the Company and is expected to add to our existing portfolio of copper and other critical mineral projects in coastal Quebec.\"For more details on the Company's option to acquire the Hawk Ridge Project, see the Company's news releases dated March 6 and 7, 2023. The Company originally announced the Offering on April 12, 2023. Copies of the Company's news releases are available under the Company's profile at www.sedarplus.ca. The Company's option to acquire the Hawk Ridge Project remains subject to Exchange approval.About 1844 Resources Inc.: 1844 is an exploration company with a focus in strategic and energetic metals and underexplored regions \"Gaspé, Nunavik Québec\". With a dedicated management team, the Company's goal is to create shareholder value through the discovery of new...