Business
Highrock Resources Announces Private Placement Financing
Toronto, Ontario--(Newsfile Corp. - July 25, 2024) - Highrock Resources Ltd. (CSE: HRK) (the "Company" or "Highrock") is pleased to announce it intends to compl
About this update from Highrock Resources Ltd.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - July 25, 2024) - Highrock Resources Ltd. (CSE: HRK) (the \"Company\" or \"Highrock\") is pleased to announce it intends to complete a non-brokered private placement financing for gross proceeds of up to $500,000 through the issuance of up to 10,000,000 units in the capital of the Company (the \"Units\") at a price of $0.05 per Unit (the \"Offering\"). Each Unit shall be comprised of one common share in the capital of the Company (each, a \"Common Share\") and one whole Common Share purchase warrant (each, a \"Warrant\"). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $0.075 per Common Share until the date that is two (2) years from the date of issuance. Gross proceeds raised from the Offering will be used for working capital and general corporate purposes. Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of Canadian Securities Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the United States. 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 any state securities laws and may not be offered or sold within the United States or to U.S. Persons as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. About Highrock Resources Ltd. Highrock Resources Ltd. is preparing for a low carbon future. The company is engaged in the business of acquiring and advancing Critical Mineral assets in North America, with a particular focus on uranium. For further information, please contact:Derrick DaoChief Executive Officer+1-437-677-5075 This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as \"plan\", \"expect\", \"project\", \"intend\", \"believe\", \"anticipate\", \"estimate\" and other similar words, o...