Business
Norseman Silver Inc. Closes Second and Final Tranche of Flow Through Financing
(TheNewswire) Vancouver, British Columbia - TheNewswire – Dece...
About this update from Fitzroy Minerals Inc
[{"type":"text","content":"Norseman Silver Inc. Closes Second and Final Tranche of Flow Through Financing\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Vancouver, British Columbia -\n \n \n TheNewswire\n \n \n – December\n \n \n 31\n \n \n , 2021 – Norseman Silver Inc.\n(TSXV:NOC) (“\n \n \n Norseman\n \n \n ” or the “\n \n \n Company\n \n \n ”) is\npleased to announce that, further to its press releases of December\n15, 2021 and December 29, 2021, it has closed the\n \n \n second and final tranche of its\n \n \n non-brokered private placement (the “\n \n \n Private Placement\n \n \n ”)\nconsisting\n \n \n of 250,000 flow\n \n \n through units (a “\n \n \n FT\nUnit\n \n \n ”) at a price of $0.30 per FT Unit for\ngross proceeds of $\n \n \n 75,000\n \n \n .\n Each FT Unit is comprised of one common share of the Company (each,\na “\n \n \n FT Share\n \n \n ”) and one half of one common share purchase warrant (each\nwhole warrant, a “\n \n \n Warrant\n \n \n ”).  Each Warrant will entitle the\nholder to purchase one additional non-flow-through common share in the\ncapital of the Company at an exercise price of $0.34 for a period of\ntwo years from the date of issuance.  The FT Shares will qualify as\nflow-through shares for purposes of the Income Tax Act\n(Canada).\n \n \n \n \n The process proceeds of the Private Placement will be\nused for exploration on Norseman’s projects in British Columbia,\nCanada, and for general working capital.\n \n \n \n \n Finder’s fees of $2,100 cash and 7,000 Warrants have\nbeen paid in connection with the Private Placement to qualified\nparties.  The Warrants issued to the finders have an exercise price\nof $0.30 for a period of two years from the date of issuance.\n \n \n \n \n All securities issued are subject to a statutory four\nmonth and one day hold period from the date of issuance pursuant to\napplicable securities laws of Canada.\n \n \n \n \n For further information, please contact:\n \n \n \n \n Sean Hurd\n \n \n \n \n Chief Executive Officer\n \n \n \n \n T: 604 505-4554\n \n \n \n \n This press release does not constitute an offer to sell\nor a solicitation of an offer to buy any of the securities in the\nUnited States. The securities have not been and will not be registered\nunder t...