Canada One Announces Closing of First Tranche of Private Placement and Enters Into Investor Relations Agreement

About this update from Canada One Mining Corp

[{"type":"text","content":"Canada One Announces Closing of First Tranche of Private Placement and Enters Into Investor Relations Agreement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, BC -\n \n \n TheNewswire -\n \n \n September 8, 2023 -\n \n \n Canada One Mining Corp.\n \n \n (“\n \n \n Canada\nOne\n \n \n ” or the “\n \n \n Company\n \n \n ”)\n \n \n (TSXV:CONE) (OTC:COMCF)\n(FSE:AU31)\n \n \n is pleased to announce that it has\ncompleted the first tranche of its non-brokered private placement and\nhas issued 10,963,330 units (each, a “\n \n \n Unit\n \n \n ”), at a price\nof $0.10 per Unit, for gross proceeds of $1,096,333. Each Unit\nconsists of one common share of the Company and one-half of one common\nshare purchase warrant (each whole warrant, a “\n \n \n Warrant\n \n \n ”), allowing\nholders to purchase an additional common share at an exercise price of\n$0.15 until September 5, 2026 (the “\n \n \n Offering\n \n \n ”).\n \n \n \n \n The first tranche of the Offering was completed\npursuant to the Listed Issuer Financing Exemption (the “\n \n \n LIFE Exemption\n \n \n ”) as\noutlined in Part 5A of National Instrument 45-106 – Prospectus\nExemptions (“\n \n \n NI\n45-106\n \n \n ”) and pursuant to the Accredited\nInvestor Exemption as outlined in Part 2 of NI 45-106. The Units\nissued to subscribers in the first tranche under the LIFE Exemption\nare not subject to resale restrictions in accordance with Canadian\nsecurities laws. All other securities issued in the Offering will be\nsubject to a statutory hold period of four-months-and-one-day\nfollowing issuance.\n \n \n \n \n \n \n The net proceeds raised\nfrom the Offering will to be used to advance exploration and\ndevelopment of the Copper Dome Project located south of Princeton,\nBritish Columbia,\n \n \n extinguish liabilities and\npayables and for general administrative and working capital\n \n \n purposes.\n \n \n \n \n In connection with the completion of the first tranche\nof the Offering, the Company paid $4,750 and issued 47,500 Warrants to\ncertain arms-length third parties (the “\n \n \n Finders\n \n \n ”) who\nassisted in introducing subscribers to the Offering. The Warrants\nissued to the Find...

More updates from Canada One Mining Corp