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Hannan announces closing of second tranche of oversubscribed $3.3M private placement financing
Hannan announces closing of second tranche of oversubscribed $3.3M private placement finan...
About this update from Hannan Metals Ltd.
[{"type":"text","content":"\n\n\n\nHannan announces closing of second tranche of oversubscribed $3.3M private placement financing\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Aug. 25, 2017\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./\n\n\n\nVANCOUVER, Aug. 25, 2017 /CNW/ - Hannan Metals Limited (\"Hannan\" or the \"Company\") (TSX.V: HAN) (OTCPK: HANNF) announces that further to the Company's news releases of August 2, 2017, August 14, 2017 and August 21, 2017, the Company has closed the second and final tranche (the \"Second Tranche\") of its non-brokered private placement financing (the \"Offering\"). \n\n\n \n \n\n \nKey Points:\n\n\nUnder the Second Tranche, the Company has issued 2,254,000 units at an issue price of C$0.26 per unit for gross proceeds of C$586,040;\nThe Company announced the closing of the first tranche (the \"First Tranche\") on August 21, 2017.  In the aggregate, the First Tranche and Second Tranche comprise a total of 12,804,713 Units for gross proceeds of $3,329,225. \n\nUnder the final Second Tranche, the Company issued 2,254,000 units (the \"Units\") at an issue price of C$0.26 per Unit for gross proceeds of C$586,040.  Each Unit comprises one common share (a \"Share\") and one-half of one common share purchase warrant (a \"Warrant\").  Each whole Warrant entitles the holder to purchase one additional Share of the Company at an exercise price of Cdn$0.40 for a period of two years expiring August 24, 2019. The Company paid broker fees of $18,065 cash commission and issued 69,480 broker warrants to arm's length finders.  All securities issued under the Second Tranche are subject to a four-month and one day hold period under applicable securities laws in Canada expiring on December 25, 2017.  \n\nThe Company announced the closing of the First Tranche on August 21, 2017.  In the aggregate, the First Tranche and Second T...