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Halcones Precious Metals Closes Non-Brokered Offering
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUT...
About this update from Halcones Precious Metals Corp
[{"type":"text","content":"Halcones Precious Metals Closes Non-Brokered Offering\n\n\n\n THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.\n \n\n TORONTO, May 02, 2025 (GLOBE NEWSWIRE) --\n \n Halcones Precious Metals Corp.\n \n (TSX-V: HPM) (the “\n \n Company\n \n ” or “\n \n Halcones\n \n ”) announces it has closed, on an upsized basis, its previously-announced non-brokered private placement of units (the “\n \n Offering\n \n ”) of the Company (the “\n \n Units\n \n ”) pursuant to which the Company issued 10,204,153 Units at a price of $0.07 per Unit for aggregate gross proceeds of $714,290.71. Each Unit is comprised of one common share in the capital of the Company (“\n \n Common Share\n \n ”) and one-half of one Common Share purchase warrant (each whole warrant, a “\n \n Warrant\n \n ”). 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 hereof.\n \n\n The Company plans to use the net proceeds of the Offering to continue the exploration work on its Polaris Project as well as for general corporate working capital purposes.\n \n\n Insiders of the Company participated in the Offering and were issued an aggregate of 2,571,428 Units. Such participation in the Offering is a “related party transaction” as defined in Multilateral Instrument 61-101 -\n \n Protection of Minority Security Holders in Special Transactions\n \n (“\n \n MI 61-101\n \n ”). The Offering is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities issued to insiders nor the consideration for such securities by insiders exceed 25% of the Company’s market capitalization.\n \n\n In connection with the Offering, the Company paid cash finder’s fees of $9,099.30 and issued 129,990 finder’s warrants (the “\n \n Finder Warrants\n \n ”) to eligible finders. Each Finder Warrant entitles the holder to acquire one Common Share at a price of $0.07 for a period of 36 months following the date hereof. The Offering remains subject to the f...