Business
Fuse Cobalt Announces a Non-Brokered Private Placement
(TheNewswire) Coquitlam, BC – TheNewswire - December 7, 2022 – Fuse C...
About this update from Fuse Battery Metals Inc
[{"type":"text","content":"Fuse Cobalt Announces a Non-Brokered Private Placement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Coquitlam, BC –\n \n \n TheNewswire -\n \n \n December 7, 2022 – Fuse Cobalt\nInc.\n \n \n (“the Company“ or “Fuse”)\n \n \n (TSXV:FUSE\n \n \n )\n \n \n ,\n \n \n (\n \n \n OTC:FUSEF\n \n \n ),\n \n \n (\n \n \n FRA:43W3)\n \n \n is pleased to announce a non-brokered private placement of\n30,000,000 units\n \n \n (“Units”) at a price of\n$0.05 per Unit raising gross proceeds of $1,500,000.\n \n \n \n \n Each Unit is comprised of one common share of the\nCompany and one share purchase warrant.  Each warrant will entitle\nthe holder thereof to purchase one additional common share of the\nCompany at an exercise price of $0.065 per share, for a period of five\nyears from closing, subject to TSX Venture Exchange (“Exchange”)\napproval.\n \n \n \n \n The proceeds of the Private Placement will be used for\nmineral exploration and development on existing properties held by the\nCompany, acquiring new exploration projects in the EV battery metals\nspace and for general working capital purposes\n \n \n .\n \n \n \n \n Finder’s fees will be paid in connection with the\nPrivate Placement in accordance with Exchange Polices and are subject\nto Exchange approval.\n \n \n \n \n All securities issued in connection with the private\nplacement and finder’s fees will be subject to a four‐month and a\nday hold period in accordance with applicable Canadian Securities\nLaws.\n \n \n \n \n About Fuse Cobalt Inc.\n \n \n \n https://fusecobalt.com/\n \n \n \n \n \n Fuse Cobalt Inc. is a Canadian based exploration\ncompany that trades under the symbol FUSE on the TSX Venture Exchange.\nThe Company's focus is on exploration for high value metals required\nfor the manufacturing of batteries.\n \n \n \n \n Ontario Cobalt Properties\n \n \n \n \n Fuse owns a 100% interest its Glencore Bucke Property,\nsituated in Bucke Township,\n \n \n 6 km east-northeast\nof Cobalt, Ontario, subject to a back-in provision, production royalty\nand off-take agreement\n \n \n .\n \n \n The\n \n \n Glencore Bucke Property consists of 16.2\nhectares and sits along the west boundary of Fuse’s Teledyne Cobalt\nProject.  The Company also...