Business
Treasury Metals Announces Closing of Equity Financing for Proceeds of $3.5 Million
Treasury Metals Announces Closing of Equity Financing for Proceeds of $3.5 Million ...
About this update from Nexgold Mining Corp.
[{"type":"text","content":"\n\n\n\nTreasury Metals Announces Closing of Equity Financing for Proceeds of $3.5 Million\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\nCanada NewsWire\nTORONTO, June 7, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/  \nTSX:TML  \n TORONTO, June 7, 2019 /CNW/ - Treasury Metals Inc. (TSX: TML \"Treasury Metals\" or the \"Company\") is pleased to announce that on June 6, 2019 (the \"Closing Date\") it closed concurrent non-brokered private placements. The first private placement was units (\"Units\") comprised of one common share of the Company (each, a \"Common Share\") and a Common Share purchase warrant (each, a \"Warrant\") for gross proceeds of $2,134,620.96 (the \"Offering\"). The second private placement was flow-through units (\"Flow-Through Units\") comprised of one flow-through Common Share (each, a \"Flow-Through Share\") and one half Common Share purchase warrant (each, a \"Flow-Through Warrant\") for proceeds of $1,371,500 (the \"Flow-Through Offering\") for aggregate gross proceeds from both offerings of $3,506,120.96 \nUnder the Offering, 8,894,254 Units were sold at a price of $0.24 per Unit. Each Warrant comprised in the Units is exercisable for one Common Share at a price of $0.32 for a period of 48 months from the Closing Date. \nUnder the Flow-Through Offering, 5,486,000 Flow-Through Units were sold at a price of $0.25 per Flow-Through Unit. Each full Flow-Through Warrant is exercisable for one Common Share at a price of $0.35 for a period of 24 months from the Closing Date and, at the discretion of the Company, may be subject to acceleration and called prior to the expiry date in the event that the closing price of the Common Shares is $0.50 or more for twenty consecutive trading days. \nThe net proceeds of the Offering will be used for the advancement of the Company's Goliath Gold Project and for general corporate purposes. \nIn certain cases, 6% finders fees and 6% finders warrants (\"Finders Warrants\") were issued to eligible ...