Business
Defense Metals Corp. Receives Additional Funds From the Exercise of Warrants to Fund a Preliminary Economic Assessment and Other Corporate Purposes
Defense Metals Corp. Receives Additional Funds From the Exercise of Warrants to Fund a Pr...
About this update from Defense Metals Corp.
[{"type":"text","content":"\n \n \n \n Defense Metals Corp. Receives Additional Funds From the Exercise of Warrants to Fund a Preliminary Economic Assessment and Other Corporate Purposes\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.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnml40{\nMARGIN-LEFT:3.33em\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prnbcc{\nBORDER-TOP:0pt solid; BORDER-RIGHT:0pt solid; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt solid; BORDER-LEFT:0pt solid\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Dec. 22, 2020\n \n /CNW/ -\n \n \n 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 3,157,828 warrants with an exercise price of\n \n $0.20\n \n were exercised and the remaining unexercised warrants with an expiry date of\n \n December 21, 2020\n \n have expired. The proceeds of the exercise of these warrants were\n \n $631,565.60\n \n . The use of proceeds will be used to complete the preliminary economic assessment (PEA) in the new year, and for general working capital and corporate purposes.\n \n \n \n \n \n \n \n \n \n \n Craig Taylor\n \n , CEO comments:\n \n \n \"\n \n The exercise of warrants adds further funds to our company and will assist in advancing the Wicheeda Rare Earth Elements project. We have made tremendous progress over the past two years and we look forward to continuing that success in 2021\n \n \n .\n \n \"\n \n \n \n Wicheeda REE Project\n \n \n \n The Wicheeda REE project has indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements) and inferred mineral resources of 12,100,000 tonnes averaging 2.90% LREO\n \n 1\n \n .\n \n \n \n Qualified Person\n \n \n \n The scientific and technical information contained in this news release has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. ...