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Nubian Finalizes Acquisition of Esquilache Silver-Lead-Zinc Project and Closes First Tranche of $500,000 Private Placement
Nubian Finalizes Acquisition of Esquilache Silver-Lead-Zinc Project and Closes First Tranc...
About this update from Carlton Precious Inc
[{"type":"text","content":"\n\n\n\nNubian Finalizes Acquisition of Esquilache Silver-Lead-Zinc Project and Closes First Tranche of $500,000 Private Placement\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\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, July 30, 2018\n\n\n\nVANCOUVER, July 30, 2018 /CNW/ - Nubian Resources Ltd. (\"Nubian\" or the \"Company\") (TSX VENTURE: NBR) is pleased to announce that the Company has finalized the previously announced acquisition of the Esquilache silver-lead-zinc project (\"Esquilache\") from Zinc One Resources Inc. (\"Zinc One\") through the issuance of 1,638,151 common shares to Compañia Minera Vensix S.A.C., a company owned by Zinc One.  The closing of the Esquilache acquisition has been approved by the TSX Venture Exchange (\"TSXV\"). \n\nThe Company also announces the results of recent financing activities, with the Company having received subscriptions for 2,000,000 units at a price of CDN $0.25 per unit, with each unit comprising one common share and one-half of a transferable share purchase warrant (a \"Warrant\"),  and with each whole Warrant exercisable for a period a 24 months at $0.40 (the \"Units\", and the \"Private Placement\", previously announced on May 29, 2018). On July 24, 2018, the Company closed the first tranche of the Private Placement through the issuance of 1,600,000 Units, to raise gross proceeds of CDN $400,000. Insiders of the Company subscribed for 180,000 units aggregating CDN $45,000 and finder's fees in the amount of $6,000 in cash and 24,000 broker warrants, each such broker warrant exercisable at CDN $0.25 per broker warrant into Units, were issued to a registered dealer in relation to one subscriber.  In accordance with regulatory requirements, all securities issued under the Private Placement are subject to a four month and one day \"hold period\". The Private Placement is subject to final approval by the TSX Venture Exchange. \n\nAll outstanding warrants that were scheduled for expiry on July 15, 2018 have been exercised by warrant holders resulting in a further 4,300,000 common shares being issued pursuant to rece...