Business
Cosa Resources Announces Increase in Private Placement
Vancouver, British Columbia - TheNewswire - April 4, 2022 – Cosa Resources Corp. (CSE:COSA) (CNSX:COSA.CN) (“Cosa Resources” or the “Company”) is pleased to ann
About this update from Cosa Resources Corp.
[{"type":"text","content":"Vancouver, British Columbia - TheNewswire - April 4, 2022 – Cosa Resources Corp. (CSE:COSA) (CNSX:COSA.CN) (“Cosa Resources” or the “Company”) is pleased to announce that, further to its news release dated March 30, 2022 and due to strong investor demand, it is increasing its previously announced non-brokered private placement from gross proceeds of $1,000,000 to up to $2,000,000 (the “Offering”). The Offering will consist of common shares of the Company (each, a “Share”) to be issued at a price of $0.25 per Share, and “flow-through” common shares of the Company (each, a “FT Share”) to be issued at a price of $0.35 per FT Share. 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. About the Company Cosa Resources is a Canadian mineral exploration company based in Vancouver, BC and is currently focused on the exploration of its Heron Copper Project. The Heron Project consists of three non-contiguous mineral claims approximately 180 km north of La Ronge, Saskat...