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Defense Metals Corp. Announces Private Placements for Aggregate Proceeds of $12.5 Million With Lead Order from RCF Opportunities Fund II L.P. of $6.6 Million
Defense Metals Corp. Announces Private Placements for Aggregate Proceeds of $12.5 Million With Le...
About this update from Defense Metals Corp.
[{"type":"text","content":"\n \n \n \n Defense Metals Corp. Announces Private Placements for Aggregate Proceeds of $12.5 Million With Lead Order from RCF Opportunities Fund II L.P. of $6.6 Million\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.prntac{\nTEXT-ALIGN: CENTER\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 April 27, 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 a non-brokered private placement financing (the \"\n \n LIFE\n \n \n Offering\n \n \") of up to 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 a Concurrent Placement (as defined below) of up to 25,708,946 Common Shares at a price of\n \n $0.26\n \n per Common Share, for aggregate gross proceeds of\n \n C$12.5 million\n \n (collectively, the \"\n \n Offering\n \n \"). As part of the Concurrent Placement, the Company has received a lead order from RCF Opportunities Fund II L.P. (\"\n \n RCF\n \n \") for approximately\n \n C$6.6 million\n \n .\n \n John Robins\n \n , Strategic Advisor to the Company will also participate in the Offering.\n \n \n \n \n \n \n \n \n \n \n Craig Taylor\n \n , CEO of Defense Metals, commented: \"We are very pleased to welcome RCF as a key shareholder to the Company and recognize its investment as a strong validation of our project and our team. This financing will leave us well financed to continue to advance Wicheeda and fully funded to complete our Pre-Feasibility Study and progress other initiatives. We also appreciate the continued support of our existing shareholders including\n \n John Robins\n \n of Discovery Group.\"\n \n \n \n Russ Cranswick\n \n , Partner and Head of RCF, further stated: \"At Resource Capital Funds, we strive to invest in unique and high quality opportunities in the mining industry and we are excited to support Defense Meta...