Business
Hannan Metals Announces Closing of Private Placement
VANCOUVER, Jan. 6, 2020 /CNW/ - Hannan Metals Limited ("Hannan" or the "Company") (TSXV: HAN) (OTCPK: HANNF) announces the closing of its non-brokered private p
About this update from Hannan Metals Ltd.
[{"type":"text","content":" VANCOUVER, Jan. 6, 2020 /CNW/ - Hannan Metals Limited (\"Hannan\" or the \"Company\") (TSXV: HAN) (OTCPK: HANNF) announces the closing of its non-brokered private placement financing (the \"Private Placement\") that was previously announced on December 24, 2019. Under the Private Placement, the Company has issued 1,500,000 common shares of the Company (the \"Common Shares\") at a price of Cdn$0.10 per Common Share (the \"Issue Price\") for gross proceeds of Cdn$150,000. All securities to be issued pursuant to the Private Placement are subject to a four-month hold period under applicable securities laws in Canada expiring on May 7, 2020. No finder's fees or commissions were paid in connection with the Private Placement. The Company intends to use the net proceeds from the Private Placement for exploration on the Company's Peruvian exploration properties and for working capital and general corporate purposes. This 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 for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements. About Hannan Metals Limited (TSX.V:HAN) (OTCPK: HANNF) Hannan Metals Limited is a natural resources and exploration company developing sustainable and ethical resources of metal needed to meet the transition to a low carbon economy. Over the last decade, the team behind Hannan has forged a long and successful record of discovering, financing and advancing mineral projects in Europe and Peru. On behalf of the Board, \"Michael Hudson\" Michael Hudson, Chairman & CEO Forward Looking Statements Certain information set forth in this news release contains \"forward-looking stat...