Business
Hannan Announces Private Placement
Hannan Announces Private Placement Canada NewsWire VANCOUVER, Jan. 15, 2020 ...
About this update from Hannan Metals Ltd.
[{"type":"text","content":"\n\n\n\nHannan Announces Private Placement\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, Jan. 15, 2020\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 VANCOUVER, Jan. 15, 2020 /CNW/ - Hannan Metals Limited (\"Hannan\" or the \"Company\") (TSXV: HAN) (OTCPK: HANNF) announces a non-brokered private placement financing (the \"Offering\") of up to 14,666,667 units of the Company (the \"Units\") at an issue price of Cdn$0.15 per Unit (the \"Issue Price\") for gross proceeds of up to Cdn$2,200,000.  Each Unit comprises one common share and one common share purchase warrant (a \"Warrant\").  Each Warrant entitles the holder to purchase one additional common shares of the Company at an exercise price of Cdn$0.30 for a period of two years from closing of the Offering. \n\n \n \n\n \nAll securities to be issued pursuant to the Offering will be subject to a four-month hold period under applicable securities laws in Canada.   \nThe Company intends to use the net proceeds received from the Offering for exploration on the Company's Peruvian exploration properties and for working capital and general corporate purposes. Finder's fees may be payable on a portion of the Offering.  The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.\nThis press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), or the securities laws of any state of the United States, and may not be offered or sold in the United States or to, or f...