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Gladiator Metals Completes Final Tranche of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 12, 2023) - Gladiator Metals Corp. (TSXV: GL...
About this update from Gladiator Metals Corp
[{"type":"text","content":"Gladiator Metals Completes Final Tranche of Private PlacementVancouver, British Columbia--(Newsfile Corp. - July 12, 2023) - Gladiator Metals Corp. (TSXV: GLAD) (OTC Pink: GDTRF) (FSE: ZX7) (\"Gladiator\" or the \"Company\"), is pleased to announce that it has closed the final tranche of its private placement (the \"Offering\") of 1,364,000 units of the Company (each, a \"Unit\") at a price of $0.55 per Unit for aggregate gross proceeds of approximately $750,000, which was completed on a non-brokered basis. Combined with the first and second tranches, the aggregate gross proceed from to the Offering were approximately $7.55 million.Each Unit consisted of one common share of the Company (a \"Common Share\") and one-half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant entitles the holder thereof to acquire one Common Share at an exercise price of $0.90, for a period of 24 months following the closing of the Offering.The net proceeds from the sale of Units will be used for the Company's ongoing exploration drilling program, working capital requirements and other general corporate purposes. The Units are subject to a four-month and one day hold period under applicable Canadian securities laws.This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.ABOUT GLADIATOR METALS CORP.Gladiator Metals Corp. is a mineral exploration company focused on the advancement of multiple high- grade copper prospects at its Whitehorse Copper Project (the \"Project\"), an advanced-stage copper (Cu) ± molybdenum (Mo) ± silver (Ag) ± gold (Au) skarn exploration project in the Yukon Territory, Canada. The Project comprises 314 contiguous claims covering approximately 5,380 Hectares (13,294 acres) in the Whitehorse Mining District.Copper mineralization was first discovered in 1897 on the Whitehorse Copper Belt, as it came to be known. The Whitehors...