Business
American Tungsten Announces Non-Brokered LIFE Offering of Shares
- NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES -Vancouver, British Columbia, Feb. 18, 2025 (GLOBE NEWSWIRE) -- American Tungsten Corp. (CSE:TUNG) (OTCQB: DEMRF) (FSE: RK9) (the "Company" or "American Tungsten") is pleased to announce that it will proceed with a non-brokered private placement under the Listed Issuer Financing Exemption (as defined herein) of 1,250,000 common shares in the capital of the Company (the “Offered Shares”) at a price of $1.60 per Offered
About this update from American Tungsten Corp.
[{"type":"image","alt":"American Tungsten Corp.","displaySize":"","headline":null,"caption":"American Tungsten Corp.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":120,"url":"https://media.zenfs.com/en/globenewswire.com/ecd75eed1a26dde38b3bb82c06821235"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/5BQmEyz28IoaW7qRBqRJCA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE2ODtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/ecd75eed1a26dde38b3bb82c06821235","width":300,"height":120}},"lazy":false},{"type":"text","content":"- NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES -","length":80,"tagName":"p"},{"type":"text","content":"Vancouver, British Columbia, Feb. 18, 2025 (GLOBE NEWSWIRE) -- American Tungsten Corp. (CSE:TUNG) (OTCQB: DEMRF) (FSE: RK9) (the "Company" or "American Tungsten") is pleased to announce that it will proceed with a non-brokered private placement under the Listed Issuer Financing Exemption (as defined herein) of 1,250,000 common shares in the capital of the Company (the “Offered Shares”) at a price of $1.60 per Offered Share for gross proceed of $2,000,000 (the “LIFE Offering”).","length":501,"tagName":"p"},{"type":"text","content":"Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the LIFE Offering is being made to purchasers resident in all provinces of Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the "Listed Issuer Financing Exemption"). The securities offered under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws.","length":548,"tagName":"p"},{"type":"text","content":"There is an offering document (the "Offering Document") related to the LIFE Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.americantungstencorp.com. Prospective investors should read this Offering Document before making an investment decision.","length":328,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds from the LIFE Offering for property payments, property exploration, marketing and for general working capita...