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Hannan Announces Private Placement Financing to Raise $500,000
Hannan Announces Private Placement Financing to Raise $500,000 Canada NewsWire V...
About this update from Hannan Metals Ltd.
[{"type":"text","content":"\n\n\n\nHannan Announces Private Placement Financing to Raise $500,000\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\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, March 28, 2019\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, March 28, 2019 /CNW/ - Hannan Metals Limited (\"Hannan\" or the \"Company\") (TSXV: HAN) (OTCPK: HANNF) announces a non-brokered private placement financing (the \"Offering\") of up to 5,000,000 units of the Company (the \"Units\") at a price of Cdn$0.10 per Unit (the \"Unit Price\") for gross proceeds of up to Cdn$500,000.  Each Unit comprises one common share (a \"Share\") and one-half of one common share purchase warrant (a \"Warrant\").  Each Warrant entitles the holder to purchase one additional Share of the Company at an exercise price of Cdn$0.15 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 plans to use the net proceeds to fund exploration expenditures at the Company's projects in Peru and Ireland, as well as for general working capital and corporate purposes. \nHannan has engaged Canaccord Genuity Corp. to act as its financial advisor for the offering. Finder's fees may be payable on a portion of the Offering.  Certain insiders of the Company will participate in the Offering.  \nThe Offering is subject to receipt of approval from the 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...