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Halcones Precious Metals Closes First Tranche of LIFE Offering
TORONTO, March 27, 2025 (GLOBE NEWSWIRE) -- Halcones Precious Metals Corp. (TSX-V: HPM) (the “Company” or “Halcones”) announces that it has closed the first tra
About this update from Halcones Precious Metals Corp
[{"type":"text","content":" TORONTO, March 27, 2025 (GLOBE NEWSWIRE) -- Halcones Precious Metals Corp. (TSX-V: HPM) (the “Company” or “Halcones”) announces that it has closed the first tranche of its previously-announced private placement of units (the “Offering”) of the Company (the “Units”) pursuant to which the Company issued 23,445,000 Units at a price of $0.07 per Unit for aggregate gross proceeds of $1,641,150 (the “First Tranche”). Each Unit is comprised of one common share in the capital of the Company (“Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $0.10 per Common Share for a period of 36 months following the date of issuance. The Company expects to complete the final tranche of the Offering on or about April 8, 2025. The Offering was led by Clarus Securities Inc. and iA Private Wealth Inc., as co-lead agents, on behalf of a syndicate of agents (collectively, the “Agents”) that included Red Cloud Securities Inc. and Haywood Securities Inc. The Company plans to use the net proceeds of the First Tranche to continue the exploration work on its Polaris Project as well as general corporate working capital purposes. In connection with the First Tranche, the Agents received an aggregate cash fee equal to $114,880.50. In addition, the Company issued to the Agents, 1,641,150 non-transferable compensation warrants (the “Compensation Warrants”). Each Compensation Warrant will entitle the holder thereof to purchase one Common Share at an exercise price equal to $0.07 for a period of 36 months from the date hereof. The Common Shares and Warrants issued pursuant to the First Tranche are not subject to a statutory hold period pursuant to applicable Canadian securities laws as the First Tranche was completed pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. The First Tranche remains subject to final approval of the TSX Venture Exchange. This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under 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 Ac...