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ACLARA COMPLETES PRIVATE PLACEMENT OF US$25 MILLION AT 41% PREMIUM WITH STRATEGIC INVESTORS
ACLARA COMPLETES PRIVATE PLACEMENT OF US$25 MILLION AT 41% PREMIUM WITH STRATEGIC INVESTORS ...
About this update from Aclara Resources, Inc.
[{"type":"text","content":"\n\n\n\n ACLARA COMPLETES PRIVATE PLACEMENT OF US$25 MILLION AT 41% PREMIUM WITH STRATEGIC INVESTORS\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR FOR DISTRIBUTION TO\n \n UNITED STATES\n \n WIRE SERVICES/\n \n\n\n\n\n TORONTO\n \n\n ,\n \n\n Feb. 20, 2025\n \n\n /CNW/ - Aclara Resources Inc. (\"\n \n Aclara\n \n \" or the \"\n \n Company\n \n \") (TSX: ARA) is pleased to announce the closing of its non-brokered private placement financing pursuant to which CAP S.A. (\"\n \n CAP\n \n \"), Hochschild Mining Holdings Limited (\"\n \n Hochschild\n \n \") and New Hartsdale Capital Inc. (\"\n \n New Hartsdale\n \n \") subscribed for 51,303,573 common shares of the Company (the \"\n \n Common Shares\n \n \") for aggregate gross proceeds of\n \n US$25,000\n \n ,001 (the \"\n \n Private Placement\n \n \") at a price of\n \n C$0.70\n \n per share. As a result of the Private Placement, which was first announced on\n \n December 23\n \n , 2024, the total number of issued and outstanding Common Shares of the Company increased from 166,409,223 to 217,712,796. Additionally, each of CAP, Hochschild and New Hartsdale respectively hold 22,163,143, 42,787,104 and 80,340,876 Common Shares representing approximately 10.18%, 19.65% and 36.90% of the issued and outstanding Common Shares of the Company. The Private Placement was approved by shareholders on a disinterested basis at a special meeting of shareholders of the Company held on\n \n February 13\n \n , 2025 (the \"\n \n Special Meeting\n \n \").\n \n\n\n\n\n\n\n\n\n Aclara intends to use the net proceeds from the Private Placement to fund the continued development of its Carina Project in\n \n Brazil\n \n , to advance its integrated supply chain strategy, and for general corporate purposes.\n \n\n \"\n \n With the\n \n\n successful\n \n\n completion of this strategic financing, Aclara is\n \n\n now\n \n\n funded\...