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Palladium One Mining Closes Oversubscribed Private Placement
VANCOUVER, British Columbia, May 09, 2019 (GLOBE NEWSWIRE) -- Palladium One Mining Inc. (TSX-V: PDM) (the "Company" or “Palladium One”) today announced that it
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[{"type":"text","content":" VANCOUVER, British Columbia, May 09, 2019 (GLOBE NEWSWIRE) -- Palladium One Mining Inc. (TSX-V: PDM) (the \"Company\" or “Palladium One”) today announced that it has closed it’s previously announced, oversubscribed, non-brokered private placement for gross proceeds of $1,352,960 (the “Offering”) (see press releases dated April 4, 2019). The Company has issued 16,912,000 Units at a price of $0.08 per Unit through the Offering. Each Unit consists of one common share and one common share purchase warrant entitling the holder to acquire an additional common share at a price of $0.12 for a period of twenty-four months. The common share purchase warrants issued as part of the Units are subject to accelerated expiry in the event the common shares of the Company trade on the TSX Venture Exchange at a Volume weighted average price of $0.20 or more for ten consecutive trading days. In connection with the closing of the placement the Company paid finders’ fees totalling $8,470 to Mackie Research Capital Corp and a private individual who introduced subscribers to the placement. All securities issued in connection with the private placement are subject to a four-month-and-one-day statutory hold period from the date of issue, expiring on September 10th, 2019. Net Proceeds from the proposed financing are intended to pay for exploration of the LK and Tyko Projects and for working capital purposes. About Palladium One: Palladium One Mining Inc. is a PGE, nickel, copper exploration and development company. Its assets consist of the Lantinen Koillismaa (“LK”) PGE-Ni-Cu project, located in north-central Finland and the Tyko Ni-Cu-PGE property, near Marathon, Ontario, Canada. ON BEHALF OF THE BOARD:“Derrick Weyrauch” Interim President & CEO, Director For further information contact:Derrick Weyrauch Phone: 1-778-327-5799 Fax: 778-327-6675 Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Palladium One Mining Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United St...