Canada One Provides Update on Private Placement

About this update from Canada One Mining Corp

[{"type":"text","content":"Canada One Provides Update on Private Placement\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 August 17, 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)\n \n \n announces that it is continuing to progress with its\nnon-brokered private placement (the “\n \n \n Offering\n \n \n ”) of up\n18,000,000 units (each, a “\n \n \n Unit\n \n \n ”), at a price of $0.10 per Unit, for\ngross proceeds of up to $1,800,000.  Each Unit will consist of one\ncommon share of the Company and one-half-of-one common share purchase\nwarrant (each whole warrant, a “\n \n \n Warrant\n \n \n ”).  Each\nWarrant will entitle the holder to purchase one common share of the\nCompany at a price of $0.15 for a period of thirty-six months from the\nclosing date of the Offering, subject to accelerated expiry in the\nevent the closing price of the common shares on the TSX Venture\nExchange is $0.25 or greater for a period of five consecutive trading\ndays.\n \n \n \n \n The net proceeds raised from the Offering will continue\nto be used to advance exploration and development of the Copper Dome\nProject located south of Princeton, British Columbia, as well as to\nretire existing liabilities and payables and for general working\ncapital purposes.\n \n \n \n \n Subject to compliance with applicable regulatory\nrequirements and in accordance with National Instrument 45-106 –\n \n \n Prospectus\nExemptions\n \n \n (“\n \n \n NI 45-106\n \n \n ”), a\nportion of the Offering is being made to purchasers resident in\nCanada, except Quebec, pursuant to the listed issuer financing\nexemption under Part 5A of NI 45-106 (the “\n \n \n Listed Issuer Financing\nExemption\n \n \n ”).  The balance of the Offering\nwill be made to purchasers pursuant to the accredited investor\nexemption under Part 2 of NI 45-106 (the “\n \n \n Accredited Investor Exemption\n \n \n ”).\n \n \n \n \n The securities offered under the Listed Issuer\nFinancing Exemption will not be subject to a hold period in accordance\nwith applicable Canadian securities laws.  The securit...

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