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Angel Wing Metals Announces Closing of an Oversubscribed and Upsized Private Placement Financing of ~$2 Million
Angel Wing Metals Announces Closing of an Oversubscribed and Upsized Private Placement Financing ...
About this update from Angel Wing Metals Inc
[{"type":"text","content":"\n\n\n\n Angel Wing Metals Announces Closing of an Oversubscribed and Upsized Private Placement Financing of ~$2 Million\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 TSXV: AWM\n \n WWW.ANGELWINGMETALS.COM\n \n\n\n\n\n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n (All dollar amounts are in Canadian. dollars unless otherwise specified)\n \n\n\n\n\n TORONTO\n \n\n ,\n \n\n Dec. 16, 2024\n \n\n /CNW/ -\n \n Angel Wing Metals Inc.\n \n (TSXV: AWM) (\"\n \n Angel Wing Metals\n \n \" or the \"\n \n Company\n \n \") announces it has completed its previously announced non-brokered private placement (\"Private Placement\") for 40,680,000 Units at a price of\n \n $0.05\n \n per Unit for gross proceeds of\n \n $2,034,000\n \n .\n \n\n\n\n\n\n\n\n\n As announced previously, each Unit of the Private Placement consists of one common share (a \"Common Share\") of the Company and one-half Common Share Purchase warrant (a \"Half Warrant\"). Two Half Warrants comprise one Common Share purchase warrant (a \"Full Warrant\") of the Company. Each Full Warrant will be exercisable for a period of 24 months from the date of issue (the \"Full Warrant Share\") at a price of\n \n $0.10\n \n per Full Warrant Share.\n \n\n The Company plans to use proceeds of the Private Placement towards diamond drilling at its\n \n La Reyna\n \n project in\n \n Mexico\n \n , as well as for general corporate purposes.\n \n\n 'We are pleased to have closed this oversubscribed financing and to initiate the first ever drill program on\n \n La Reyna\n \n . We are grateful for the support shown by our current shareholders, Board and new shareholders in raising the proceeds needed to enable us to advance the Project more aggressively,\" commented\n \n Marc Prefontaine\n \n ,\n \n Angel Wing's\n \n CEO. \"The surface and geophysical work completed to date has identified several high priority and high probability targets. A drill contract has been secured and the drill Is expected to arrive at...