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Hannan closes second tranche of $500,000 private placement financing
Hannan closes second tranche of $500,000 private placement financing Canada NewsWi...
About this update from Hannan Metals Ltd.
[{"type":"text","content":"\n\n\n\nHannan closes second tranche of $500,000 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, May 1, 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, May 1, 2019 /CNW/ - Hannan Metals Limited (\"Hannan\" or the \"Company\") (TSXV: HAN) (OTCPK: HANNF) announces that further to its news release of April 24, 2019, the Company has closed the second tranche (the \"Second Tranche\") of its private placement financing (the \"Offering\").  Under the Second Tranche, the Company has issued 795,000 Units at an issue price of C$0.10 per Unit for gross proceeds of C$79,500.\n\n \n \n\n \nIn the aggregate, together with the closing of the first tranche as announced by the Company on April 24, 2019, the Company has issued 5,000,000 Units for gross proceeds of $500,000.  The Company plans to use the net proceeds to fund exploration expenditures at the Company's San Martin sediment-hosted copper-silver project in Peru, as well as for general working capital and corporate purposes. \nEach 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 C$0.15 for a period of two years expiring on April 30, 2021.    All securities issued pursuant to the Second Tranche are subject to a four-month and one day hold period under applicable securities laws in Canada expiring on August 31, 2019.  \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. S...