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Bathurst Metals Announces Completion of Financing and DTC Eligibility
(TheNewswire) Vancouver, British Columbia – TheNewswire - ...
About this update from Bathurst Metals Corp
[{"type":"text","content":"Bathurst Metals Announces Completion of Financing and DTC Eligibility\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Vancouver, British Columbia\n \n \n –\n \n \n TheNewswire -\n \n \n December 7, 2021 – Bathurst Metals Corp.\n(TSXV:BMV) (OTC:BMVVF)\n \n \n (“Bathurst” or the\n“Company”)\n \n \n announces it has closed the\nsecond tranche of its previously announced private placement\n \n \n by the issuance of 2,500,000 units (the\n“Units”) at a price of $0.10 per Unit for aggregate gross proceeds\nof $250,000.00 (the “Offering”).  Each Unit is comprised of one\n(1) common share and one (1) common share purchase warrant, with each\nwhole warrant entitling the holder to purchase one additional common\nshare at a price of $0.15 for one year from closing of the Offering.\n \n \n \n \n \n \n The first tranche of the\nprivate placement, for gross proceeds of $250,000.00, was completed on\nOctober 25, 2021.  The net proceeds of the private placement will be\nused for working capital.\n \n \n \n \n \n \n Finders fees in the\namount of $24,100.00\n \n \n \n \n were paid on a portion of the Offering.\n \n \n \n \n The Units, common shares, share purchase warrants and\nshares issued upon exercise of the share purchase warrants are subject\nto a four month hold period, expiring April 8, 2022.\n \n \n \n \n DTC Elig\n \n \n i\n \n \n bility\n \n \n \n \n Further the Company is pleased to announce that its\ncommon shares are now eligible for electronic clearing and settlement\nthrough the Depository Trust Company (\"\n \n \n DTC\n \n \n \") in the\nUnited States. DTC is a subsidiary of the Depository Trust &\nClearing Corporation, a U.S. company that manages the electronic\nclearing and settlement of publicly traded companies. Securities that\nare eligible to be electronically cleared and settled through DTC are\nconsidered to be \"DTC eligible\". DTC eligibility is expected\nto simplify the process of trading and enhance liquidity of the\nCompany's common shares in the United States. With DTC eligibility,\nexisting investors benefit from potentially greater liquidity and\nexecution speeds. This also opens the door to new investors that may\nhave been previously restricted from our common shares and simplifies\nthe process of trading our common sha...