Business
Walcott Resources Ltd. Closes Initial Public Offering and Announces Listing on the Canadian Securities Exchange
Vancouver, British Columbia--(Newsfile Corp. - July 30, 2019) - Walcott Resources Ltd. (CSE: WAL) (the "Company" or "Walcott") is pleased to announce that it ha
About this update from Megawatt Lithium And Battery Metals Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - July 30, 2019) - Walcott Resources Ltd. (CSE: WAL) (the \"Company\" or \"Walcott\") is pleased to announce that it has completed its initial public offering (the \"Offering\") pursuant to a prospectus dated May 15, 2019 (the \"Prospectus\"). Pursuant to the Offering, the Company issued an aggregate of 3,500,000 common shares of the Company (each, a \"Share\") at a purchase price of $0.10 per Share for gross proceeds of $350,000. Upon completion of the Offering, the Company has 11,920,000 common shares issued and outstanding, of which 4,903,300 common shares are subject to escrow. PI Financial Corp. (\"PI\") acted as agent on a commercially reasonable efforts basis in respect of the Offering and received a cash commission and corporate finance fee in consideration for its services. In addition, PI received 315,000 non-transferable warrants to acquire up to 315,000 Shares at a price of $0.15 per Share until July 30, 2021. Proceeds of the Offering will be applied to the Company's exploration work on the Property (as defined below) and for general working capital purposes. Walcott is also pleased to announce that it received approval to list the Company's common shares on the Canadian Securities Exchange (the \"Exchange\"). Walcott's common shares were listed on the Exchange on July 30, 2019 and immediately halted pending closing of the Offering. The common shares are expected to commence trading on the Exchange on or about July 31, 2019 under the trading symbol \"WAL\". Additional information on the Company, the Offering and the Property (as defined below), can be found in the Company's Prospectus and the NI 43-101 Technical Report on the Property, as filed on SEDAR at www.sedar.com. About Walcott Resources Ltd. Walcott is a British Columbia based company involved in the acquisition and exploration of mineral properties in Canada. The Company holds an option to acquire a 100% undivided interest, subject only to a 1.5% NSR on all base, rare earth elements and precious metals, in the Cobalt Hill copper-gold-cobalt property (the \"Property\"), consisting of eight mineral claims covering an area of approximately 1,727.43 hectares located in the Trail Creek Mining Division in the Province of British Columbia, Canada. The Company's objective is to explore and develop the Property. On behalf ...