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Palladium One Announces $1.15 Million Non-Brokered Private Placement Flow Through Offerings
Vancouver, British Columbia--(Newsfile Corp. - May 6, 2020) -   Palladium One Mining Inc....
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[{"type":"text","content":"Palladium One Announces $1.15 Million Non-Brokered Private Placement Flow Through OfferingsVancouver, British Columbia--(Newsfile Corp. - May 6, 2020) -  Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTC Pink: NKORF) (the \"Company\" or \"Palladium One\" today announced a non-brokered private placement financing (the \"Offering\") to raise aggregate gross proceeds of up to C$1,150,000 through the issuance of a combined flow-through unit and charitable-flow-through unit (each, a \"Unit\") offering.Derrick Weyrauch, President and CEO commented \"Exploration is a deemed Essential Service in Ontario, thereby providing the ability to conduct field activities. This financing preserves our existing 'hard dollar' cash resources for the restart of drilling at the palladium dominant LK project in Finland, where drilling was suspended due to Covid-19, while providing the Company with funding to drill test new high priority targets in Ontario.\" The Offering consists of up to 3,076,923 charity-flow-through units (the \"CFA Units\") at a price of C$0.13 per CFT Unit, for gross proceeds of up to C$400,000 and 8,333,333 flow-through units (the \"FT Units\") at a price of C$0.09 per FT Unit, for gross proceeds of up to C$750,000. Each Unit will be comprised of one common share (a \"Common Share\") and one-half of one non-transferable, common share purchase warrant (each whole warrant, a \"Warrant\"), with the additional terms described below. The net proceeds from the Offering are intended to be used by the Company primarily for exploration activities on its Tyko and Disraeli projects in Ontario, Canada.Closing of the Offering, or any tranche thereof, is subject to certain customary conditions including, but not limited to, the receipt of all required regulatory approvals, including the approval of the TSX-Venture Exchange. Closing of the Offering is expected to occur on or about May 20, 2019. All securities issued and issuable in connection with this Offering will be subject to a four-month hold period in Canada from the closing date. Finder's fees in respect to the Offering may be paid in cash and/or shares, subject to, and in accordance with, the policies of the TSX-Venture ExchangeWarrant Terms Each Warrant shall have a term of 24-months, subject to acceleration;During the first 12-months after closing of the Offering, or any tran...