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Boreal Announces Stock Exchange Listing (TSXV: BMX) and Closing of $4.4 Million in Equity Financings
Boreal Announces Stock Exchange Listing (TSXV: BMX) and Closing of $4.4 Million in Equity ...
About this update from Domestic Metals Corp.
[{"type":"text","content":"\n\n\n\n\nBoreal Announces Stock Exchange Listing (TSXV: BMX) and Closing of $4.4 Million in Equity Financings\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, Nov. 21, 2017\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA./\n\n\n\nVANCOUVER, Nov. 21, 2017 /CNW/ - Boreal Metals Corp. (\"Boreal\" or the \"Company\") (TSXV: BMX) is pleased to announce it has obtained a public listing for its securities on the TSX Venture Exchange (the \"Exchange\") following closing of its previously announced concurrent offerings of units by way of Short Form Offering Document in accordance with Exchange policies (the \"SFOD Offering\") and by way of brokered private placement (the \"Private Placement\"). \n\n\n \n \n\n \nAs a result, the Company will be listed as a Tier 2 issuer on the Exchange. Pursuant to the SFOD Offering and the Private Placement (the \"Financings\"), Boreal has raised aggregate gross proceeds of $4,400,000. The Financings were conducted by PI Financial Corp. (the \"Agent\").    \n\nUpon closing of the Financings, 6,666,666 units were issued pursuant to the SFOD Offering (\"SFOD Units\") and 8,000,000 units were issued pursuant to the Private Placement (\"Brokered Units\"). The SFOD Units were issued at a price of $0.30 per unit, with each SFOD Unit consisting of one common share (a \"Common Share\") and one-half of one common share purchase warrant (each whole warrant, a \"Warrant\").  The Brokered Units were issued at a price of $0.30 per unit, with each Brokered Unit consisting of one Common Share and one Warrant.  Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $0.50 per Common Share until November 21, 2019.  \n\nA cash commission equal to 8% of the gross proceeds of the Financings was paid to the Agent.  In addition, the Agent was issued non-transferable broker warrants (\"Agent's Warrants\") equal to 8% of the number of units issued pursuant to the Financings.  Each Agent's Warrant wil...