Business
First Nordic Raises $3.9M during July from Warrants and Options
First Nordic Raises $3.9M during July from Warrants and Options Canada NewsWire ...
About this update from Goldsky Resources Corp.
[{"type":"text","content":"\n\n\n\n First Nordic Raises $3.9M during July from Warrants and Options\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 \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n July 30, 2024\n \n\n /CNW/ -\n \n First Nordic Metals Corp.\n \n (the\n \n \"Company\"\n \n or\n \n \"FNM\"\n \n ) (TSXV: FNM) (OTCQB: FNMCF) (Frankfurt: HEG0) is pleased to announce the successful completion of the Company's warrant exercise incentive program previously announced on\n \n July 11, 2024\n \n (the \"Incentive Program\"), as well as the exercise of additional Company warrants and stock options, providing aggregate gross proceeds of\n \n $1,147,130\n \n to FNM. In total in July, the Company raised approximately\n \n $3.9M\n \n from warrants and stock options (see FNM News Release dated\n \n July 10, 2024\n \n , for additional information, in which\n \n $2.7M\n \n of this was previously announced).\n \n\n\n\n\n\n\n\n\n\n\n Taj Singh\n \n , President and CEO comments\n \n :\n \n\n\n \"In the month of July, close to\n \n $4 million\n \n of cash was raised for FNM through the exercise of warrants and stock options. This is a strong indicator of the investor support we have been able to build on the new FNM story, and this puts us in a solid position to get important exploration and drilling work done at our projects through 2024 and into next year.\"\n \n\n\n The proceeds of the Incentive Program warrants as well as the additional Company warrants and stock options will be used for exploration and development of the Company's projects and for working capital purposes.\n \n\n\n\n Incentive Program\n \n\n\n A total of 1,774,558 common shares in the capital of the Company (each a \"\n \n Common Share\n \n \") were issued upon the exercise of 1,774,558 outstanding share purchase warrants (the \"\n \n Outstanding Warrants\n \n \") permitted to participate under the Incentive Program, providing gross proceeds of\n \n $638,841\n \n to FNM from the Incentive Program (at\n \n $0.36\n \n per Outstanding Warrant).\n \n\n For every Outstanding Warrant exercised, the holders of such Outstan...