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Spitfyre Capital Inc. Announces Closing of Upsized Brokered Private Placement
Spitfyre Capital Inc. Announces Closing of Upsized Brokered Private Placement Canada Ne...
About this update from Neoterrex Minerals Inc
[{"type":"text","content":"\n \n \n \n Spitfyre Capital Inc. Announces Closing of Upsized Brokered Private Placement\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 NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Nov. 23, 2023\n \n \n /CNW/ - Spitfyre Capital Inc. (the \"\n \n Corporation\n \n \" or \"\n \n Spitfyre\n \n \") (TSXV: FYRE.P) is pleased to announce the closing of its upsized brokered private placement financing (the \"\n \n Private Placement\n \n \") with NeoTerrex Corporation (\"\n \n NeoTerrex\n \n \"). The Private Placement was led by iA Capital Markets, a division of iA Private Wealth Inc. (the \"\n \n Lead Agent\n \n \") and Canaccord Genuity Corp. (together with the Lead Agent, the \"\n \n Agents\n \n \").\n \n \n The Private Placement was completed pursuant to an agency agreement dated\n \n November 23, 2023\n \n between Spitfyre, NeoTerrex and the Agents. Aggregate gross proceeds for the Private Placement were\n \n $3,516,600\n \n , with 600,000 subscription receipts of the Corporation (each, a \"\n \n Spitfyre Subscription Receipt\n \n \") at\n \n $0.25\n \n per Spitfyre Subscription Receipt, 8,038,000 subscription receipts of NeoTerrex (each, a \"\n \n NeoTerrex Subscription Receipt\n \n \") at\n \n $0.25\n \n per NeoTerrex Subscription Receipt and 4,523,688 flow-through subscription receipts of NeoTerrex (each, a \"\n \n FT Subscription Receipt\n \n \") at\n \n $0.30\n \n per FT Subscription Receipt (together, the \"\n \n Subscription Receipts\n \n \") being issued.\n \n \n It is intended that the net proceeds from the Private Placement will be used for the exploration and development of NeoTerrex's Mount Discovery project (the \"\n \n Mount Discovery Project\n \n \"), claim renewal and maintenance cost, the identification and evaluation of future potential acquisitions of rare earth and lithium projects, the exploration and evaluation of NeoTerrex's other rare earth...