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AFR NuVenture Resources Inc. Announces Non-Brokered Private Placement for up to $175,000
(TheNewswire) TORONTO, Ontario, February 13, 2025 – TheNewswire - AFR NuVent...
About this update from Afr Nuventure Resources Inc
[{"type":"text","content":"AFR NuVenture Resources Inc. Announces Non-Brokered Private Placement for up to $175,000\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n TORONTO, Ontario, February 13, 2025 –\n \n\n TheNewswire -\n \n\n AFR NuVenture Resources\nInc. (“AFR” or the “Company”) (TSXV: AFR), is pleased to\nannounce that it intends to offer for sale, on a non-brokered private\nplacement basis, up to 5,000,000 common shares of the Company (the\n“Offering”) consisting of shares of the Company at a price of\n$0.035 per share for aggregate gross proceeds of up to $175,000. The\nOffering is subject to the receipt of all necessary approvals,\nincluding approval of the Toronto Venture Exchange (the “TSXV”),\nas well as the satisfaction of other customary closing\nconditions.\n \n\n\n\n The proceeds derived from the sale of the shares will\nbe to pay the cost of the initial cash payment of $40,000 required\nupon signing the definitive agreement relating to the recently signed\nletter of intent  for the Massey Nickel Project (see press release\ndated February 7, 2025) and for general administrative expenses and\nworking capital, including rent, the Company’s annual audit,\nregulatory and filing fees, and preparatory work on the Company’s\nexploration projects.\n \n\n\n\n A portion of the Offering may be allocated to investors\nrelying on the “existing security holder”, “accredited\ninvestor” or other exemptions available to AFR under National\nInstrument 45-106 – Prospectus Exemptions.\n \n\n\n\n The private placement is open to all current\nshareholders with the Company setting the record date of February 17,\n2025, respecting potential issuance of securities pursuant to the\n“existing securityholder exemption”. Officers and directors may be\nsubscribing for more than 25% of the Offering. All shareholders\nwishing to participate should contact the Company as noted below\nbefore February 20, 2025. If a new Control Person’s is created as a\nresult of this Offering, shareholder approval may be required.\n \n\n\n\n All securities issued in connection with the Offering\nwill be subject to a hold period which expires four months and one day\nafter the date the securities are issued.\n \n\n\n\n The securities offered have not b...