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Metallic Minerals Announces C$2.5 Million Private Placement of Flow-Through Common Shares
VANCOUVER, BC / ACCESSWIRE / November 10, 2020 / Metallic Minerals Corp. (TSXV:MMG)(OTC PINK:...
About this update from Metallic Minerals Corp.
[{"type":"text","content":"Metallic Minerals Announces C$2.5 Million Private Placement of Flow-Through Common SharesVANCOUVER, BC / ACCESSWIRE / November 10, 2020 / Metallic Minerals Corp. (TSXV:MMG)(OTC PINK:MMNGF) (\"Metallic\" or the \"Company\") is pleased to announce a non-brokered private placement of up to 3,246,800 flow-through common shares (the \"FT Common Shares\") of the Company at a price of $0.77 per FT Common Share for gross proceeds of up to $2,5000,000 (the \"Financing\").Proceeds from the Financing are intended to be used toward eligible Canadian Exploration Expenses, within the meaning of the Income Tax Act (Canada), at the Company's high-grade Keno Silver project in the Yukon Territory.Metallic has engaged Canaccord Genuity Corp. to act as its financial advisor for the offering and may compensate persons who act as finder(s) for the Offering, subject to the rules of the TSX Venture Exchange (\"TSX-V\").Completion of the Private Placement is subject to TSX-V approval. The FT Shares are subject to a hold period of four months and one day from their date of issuance, under applicable Canadian securities laws.The FT Shares have not been, and will not be, registered under 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, or for the account or benefit of, U.S. persons, absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.About Metallic Minerals Metallic Minerals Corp. is a growth stage exploration company, focused on high-grade silver and gold in underexplored brownfields mining districts. Our objective is to create shareholder value through a systematic, entrepreneurial approach to exploration in the Keno Hill silver district, La Plata silver-gold-copper district, and Klondike gold district through new discoveries and advancing resources to development. All three districts have seen significant mineral production and have existing infrastructure, including power and road access. Metallic Minerals is led by a team with a track record of discovery and exploration success on several major precious and base metal deposits, as well as having large-scale development, permitting and project financing expertise.About the Metallic Group of CompaniesThe Metallic Group is a collaboration...