Business
Cosa Resources Announces C$1 Million Private Placement
Vancouver, British Columbia, March 30, 2022 – Cosa Resources Corp. (CSE: COSA) (“Cosa” or the “Company”) is pleased to announce a non-brokered private placement
About this update from Cosa Resources Corp.
[{"type":"text","content":"Vancouver, British Columbia, March 30, 2022 – Cosa Resources Corp. (CSE: COSA) (“Cosa” or the “Company”) is pleased to announce a non-brokered private placement (the “Offering”) of common shares of the Company (each, a “Share”) at a price of $0.25 per Share and “flow-through” common shares of the Company (each, a “FT Share”) at a price of $0.35 per FT Share for gross proceeds of up to $1,000,000. The gross proceeds from the Offering will be used for general working capital purposes and all proceeds from the sale of FT Shares will be used for exploration expenditures on the Company’s exploration properties in Saskatchewan, which will qualify as “Canadian Exploration Expenses” and “flow-through mining expenditures”, as those terms are defined in the Income Tax Act (Canada), which will be renounced to the initial purchasers of the FT Shares with an effective date no later than December 31, 2022. The Offering is scheduled to close on or about April 20, 2022. No commission or finder’s fee will be paid in connection with the Offering. All securities issued pursuant to the Offering will be subject to a hold period expiring four months and one day from the date of closing. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. the securities described herein 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 U.S. state securities laws and may not be offered or sold in the United States or to U.S. persons except in compliance with the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws or pursuant to an exemption therefrom. Stock Option Grant The Company would also like to announce that it has granted 2,100,000 incentive stock options to directors, officers, and consultants to the Company. The incentive stock options will vest over a period of two years, have an exercise price of $0.33 per share, and are valid for a 5-year period from the date of grant. The options were granted pursuant to the Company’s incentive stock option plan. About the Company Cosa Resources Corp. is engaged in the acquisition, exploration, and evaluation...