Business
Treasury Metals Announces Closing of C$6.5 Million Private Placement Financing
TORONTO, Nov. 8, 2021 /CNW/ - Treasury Metals Inc. (TSX: TML) (OTCQX: TSRMF) ("Treasury" or the "Company") is pleased to report that it closed its previously an
About this update from Nexgold Mining Corp.
[{"type":"text","content":" TORONTO, Nov. 8, 2021 /CNW/ - Treasury Metals Inc. (TSX: TML) (OTCQX: TSRMF) (\"Treasury\" or the \"Company\") is pleased to report that it closed its previously announced private placement financing (\"the Offering\") on Friday November 5, 2021, raising gross proceeds of approximately $6.5 million through the issuance of 7.7 million common shares (the \"FT Shares\") that qualify as \"flow-through shares\" for the purposes of the Income Tax Act (Canada) (the \"ITA\"). The gross proceeds raised from the Offering will be used by the Company to fund exploration programs that qualify as \"Canadian Exploration Expenses\" and \"flow-through mining expenditures\", as those terms are defined in the ITA. The FT Shares issued under the Offering are subject to a hold period of four months and one day from the date hereof in accordance with applicable Canadian securities laws. Closing of the Offering remains subject to certain regulatory approvals including the final approval of the Toronto Stock Exchange (the \"TSX\"). The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the Company and management, as well as financial statements. To view further details about the Goliath Gold Complex projects, please visit the Company's website at www.treasurymetals.com. About Treasury Metals Inc. Treasury Metals Inc. is a gold focused company with assets in Canada. Treasury's Goliath Gold Complex (\"GGC\"), which includes the Goliath, Goldlund and Miller projects, is located in Northwestern Ontario. The GGC projects benefit substantially from excellent access to the Trans-Canada Highway, related power and rail infrastructure, and close proximity to several communities including Dryden, Ontario. The Company also owns several other projects throughout Canada, in...