Business
New Age Metals Closes Flow-Through Private Placement
(via TheNewswire) Vancouver, BC, Canada - TheNewswire - December 30, 2019 - New Age ...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Closes Flow-Through Private Placement(via TheNewswire)\n \n \nVancouver, BC, Canada - TheNewswire - December 30, 2019 - New Age Metals Inc. (TSXV:NAM) (OTC:NMTLF) (FSE:P7J.F) announces that the Company has oversubscribed its flow-through private placement raising $85,020. The Company has issued 1,417,000 flow through units consisting of one flow-through share and one half of one non-transferable share purchase warrant (\"Warrant\") with each whole Warrant being exercisable at a price of $0.10 per share for a period of two (2) years from the date of closing.\n\n \n \nFinder's fees were paid in connection with the closing in the amount of $5,250 cash and 87,500 broker warrants on the same terms as the purchaser warrants, subject to regulatory approval. All securities issued in connection with the final tranche closing are subject to a four month plus one day hold period expiring on May 1, 2020, in accordance with applicable Securities Laws.\n\n \n \nThe proceeds of the private placement will be used for the Company's flagship project, the River Valley Platinum Group Metals Project located in Sudbury, Ontario and the Company's Lithium projects located near Winnipeg, Manitoba.\n\n \n \nOPT-IN LIST\n\n \n \nIf you have not done so already, we encourage you to sign up on our website (www.newagemetals.com) to receive our updated news or click here. \n\n \n \nOn behalf of the Board of Directors\n\n \n \n\"Harry Barr\"\n\n\n \nHarry G. Barr\n\n\n \nChairman and CEO\n\n \n \nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\n\n \n \nCautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as \"continue\", \"efforts\", \"expect\", \"believe\", \"anticipate\", \"confident\", \"intend\", \"strategy\", \"plan\", \"will\", \"estimate\", \"project\", \"goal\", \"target\", \"prosp...