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Norden Crown Announces Closing of Private Placement
Norden Crown Announces Closing of Private Placement Canada NewsWire /NO...
About this update from Domestic Metals Corp.
[{"type":"text","content":"\n \n \n \n Norden Crown Announces Closing of Private Placement\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 /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/\n \n \n \n VANCOUVER, BC\n \n ,\n \n June 24, 2021\n \n /CNW/ - Norden Crown Metals Corp. (\"\n \n \n Norden Crown\n \n \n \" or the \"\n \n Company\n \n \") (TSXV: NOCR) (OTC: NOCRF) (\n \n Frankfurt\n \n : 03E) is pleased to announce that it has closed its previously announced non-brokered private ‎placement (the \"\n \n Private Placement\n \n \").‎\n \n \n \n \n \n \n \n \n \n Further to its news release of\n \n June 21, 2021\n \n , the consolidation of the issued and outstanding common shares of the Company ‎on the basis of three existing common shares for one new consolidated common share (the ‎‎\"\n \n Consolidation\n \n \")‎ was effective at market open on\n \n June 23, 2021\n \n (the \"\n \n Effective Date\n \n \").\n \n \n All securities issued under the Private Placement have been issued on a post-Consolidation basis as of the Effective Date.\n \n \n Under the Private Placement, 8,625,617 units of the Company (\"\n \n Units\n \n \") were issued at\n \n $0.30\n \n ‎per Unit on a post-Consolidation basis for total gross proceeds to\n \n Norden Crown\n \n of approximately\n \n $2.59 million\n \n .\n \n \n Each Unit consists of one common ‎share (a \"\n \n Common Share\n \n \") and one common share purchase warrant (a \"\n \n Warrant\n \n \"), with each ‎Warrant being exercisable for one additional Common Share at a price of\n \n $0.60\n \n on a post-Consolidation basis for a period of ‎‎36 months from the date of issue. The expiry date of the Warrants is subject to acceleration, at the Company's discretion, if the Company's shares trade on a volume-weighted average price basis of\n \n $1.80\n \n on a post-Consolidation basis or higher for 10 consecutive trading days, in which case holders will have 30 day...