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Defense Metals Corp. Announces Closing of its $12.5 Million Private Placement, Including $6.6 Million Strategic Financing with RCF Opportunities Fund II L.P.
Defense Metals Corp. Announces Closing of its $12.5 Million Private Placement, Including $6.6 Mil...
About this update from Defense Metals Corp.
[{"type":"text","content":"\n \n \n \n Defense Metals Corp. Announces Closing of its $12.5 Million Private Placement, Including $6.6 Million Strategic Financing with RCF Opportunities Fund II L.P.\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.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prnrbrb1{\nBORDER-RIGHT:black 1pt\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnml40{\nMARGIN-LEFT:3.33em !IMPORTANT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prnsbbb1{\nBORDER-BOTTOM:black 1pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n May 25, 2023\n \n \n /CNW/ - Defense Metals Corp. (\"\n \n Defense Metals\n \n \" or the \"\n \n Company\n \n \"); (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce that, further to its news release of\n \n April 27, 2023\n \n , it has closed its non-brokered private placement financing (the \"\n \n LIFE\n \n \n Offering\n \n \") of 22,367,977 common shares of the Company (\"\n \n Common Shares\n \n \") at a price of\n \n $0.26\n \n per Common Share, and the Concurrent Placement (as defined below) of 25,708,946 Common Shares at the same issue price, for aggregate gross proceeds of\n \n C$12.5 million\n \n (the Life Offering, collectively with the Concurrent Placement, the \"\n \n Offering\n \n \"). The Concurrent Placement includes a lead order from RCF Opportunities Fund II L.P. (\"\n \n RCF Opps II\n \n \"), consisting of 25,552,380 Common Shares for gross proceeds of\n \n C$6.6 million\n \n .\n \n John Robins\n \n of Discovery Group and Strategic Advisor to the Company, also participated in the Offering.\n \n \n \n \n \n \n \n \n \n \n Craig Taylor\n \n , CEO of Defense Metals, commented:\n \n \n \n \"We are very p...