Business
Goldstorm Metals Upsizes Non-Brokered Private Placement and Closes Final Tranche for Aggregate Gross Proceeds of $2.3 Million
Vancouver, British Columbia--(Newsfile Corp. - December 19, 2023) - Goldstorm Metals Corp . (TS...
About this update from Goldstorm Metals Corp.
[{"type":"text","content":"Goldstorm Metals Upsizes Non-Brokered Private Placement and Closes Final Tranche for Aggregate Gross Proceeds of $2.3 MillionVancouver, British Columbia--(Newsfile Corp. - December 19, 2023) - Goldstorm Metals Corp. (TSXV: GSTM) (FSE: B2U) (\"Goldstorm\" or the \"Company\") is pleased to announce that further to its news releases dated November 28, 2023 and December 15, 2023, due to strong investor demand, the Company has upsized and closed a second and final tranche of its previously announced non-brokered private placement (the \"Offering\") for additional gross proceeds of $368,100 through the issuance of 2,045,000 non-flow-through units (the \"NFT Units\") sold at a price of $0.18 per NFT Unit (the \"Second Tranche\"). Together with proceeds from the first tranche of the Offering, the Company raised an aggregate of $2,318,180 and issued an aggregate of 2,506,556 NFT Units and 9,335,000 flow-through units of the Company (the \"FT Units\") sold at a price of $0.20 per FT Unit. Each NFT Unit consists of one common share of the Company and one half (½) of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each FT Unit consists of one common share of the Company issued as a \"flow-through share\" within the meaning of the Income Tax Act (Canada), and one half (½) of one Warrant. Each Warrant entitles the holder to purchase one non-flow-through common share of the Company at a price of $0.35 at any time on or before that date which is 24 months after the date of issuance. A total of 1,022,500 Warrants were issued under the Second Tranche.The net proceeds received from the sale of the NFT Units is expected to be used for general working capital purposes.No finder's fees, commissions, bonus or other compensation was paid in connection with the Second Tranche. The Offering remains subject to final acceptance from the TSX Venture Exchange. All securities issued pursuant to the Second Tranche are subject to a hold period expiring on April 20, 2024, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.About Goldstorm MetalsGoldstorm Metals Corp. is a precious and base metals exploration company with a large strategic land position in the Golden Triangle of British Columbia, an area that hosts some of the largest and highest-grade gold deposits ...