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Group Ten Metals Announces Upsize of Brokered Private Placement Led by Canaccord Genuity and Research Capital to C$6.0 Million
Group Ten Metals Announces Upsize of Brokered Private Placement Led by Canaccord Genuity ...
About this update from Stillwater Critical Minerals Corp
[{"type":"text","content":"\n \n \n \n Group Ten Metals Announces Upsize of Brokered Private Placement Led by Canaccord Genuity and Research Capital to C$6.0 Million\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR TO US PERSONS/\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n June 1, 2021\n \n /CNW/ -\n \n Group Ten Metals Inc.\n \n (TSXV: PGE) (US OTCQB: PGEZF) (FSE: 5D32)\n \n (the \"Company\" or \"Group Ten\")\n \n announces that it has amended the terms of its previously announced offering of units. Under the amended terms of the Offering (as defined herein) the Company has engaged Canaccord Genuity Corp. and Research Capital to act as co-lead agents on behalf of a syndicate of agents that includes Red Cloud Securities Inc. (collectively, the \"Agents\") on a best efforts agency basis in connection with a brokered private placement of up to 15,000,000 units (the \"Units\") at a price of\n \n $0.40\n \n per unit for gross proceeds of\n \n $6,000,000\n \n (the \"Offering\"), subject to receipt of all applicable regulatory approvals.  There will no longer be an option for the Agents to increase the size of the Offering.\n \n \n Each Unit shall consist of one common share (a \"Common Share\") of the Company and one half of one common share purchase warrant (each whole warrant a \"Warrant\"). Each Warrant will entitle the holder to acquire one Common Share at a price of\n \n $0.55\n \n per Warrant for a period of 24 months from the closing date.\n \n \n Net proceeds received from the Offering are planned to be used for exploration and development activities on the Company's flagship Stillwater West PGE-Ni-Cu-Co + Au project in\n \n Montana, USA\n \n , and for working capital and general corporate purposes.\n \n \n It is anticipated that closing of the Offering will occur\n \n June 16, 2021\n \n or such other date as the Company and the Agents may agree. The Offering is subject to the satisfaction of certa...