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Treasury Metals Announces $6 Million Flow-Through Financing
Treasury Metals Announces $6 Million Flow-Through Financing Canada NewsWire ...
About this update from Nexgold Mining Corp.
[{"type":"text","content":"\n \n \n \n Treasury Metals Announces $6 Million Flow-Through Financing\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 /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 TSX: TML       OTCQX: TSRMF\n \n \n \n \n TORONTO\n \n ,\n \n Oct. 21, 2021\n \n /CNW/ -\n \n Treasury Metals Inc.\n \n (TSX: TML) (OTCQX: TSRMF) (\"\n \n Treasury\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it intends to complete a flow-through financing by way of a non-brokered private placement for aggregate proceeds of approximately\n \n $6.0 million\n \n (the \"\n \n Offering\n \n \").  The Offering will consist of 7,058,900 common shares of the Company (the \"\n \n Flow-Through Shares\n \n \") that qualify as flow-through shares for purposes of the\n \n Income Tax Act (\n \n Canada\n \n )\n \n at a price of\n \n $0.85\n \n per Flow-Through Share.\n \n \n \n \n \n \n \n \n \n The gross proceeds raised from the sale of 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\n \n Income Tax Act (\n \n Canada\n \n ).\n \n \n \n The closing of the Offering is expected to occur on or before\n \n November 5, 2021\n \n (the \"\n \n Closing Date\n \n \") and is subject to the completion of formal documentation and receipt of all applicable regulatory approvals, including the approval of the Toronto Stock Exchange.  The Flow-Through Shares to be issued under the Offering will be subject to a statutory hold period of four months and one day from the Closing Date.\n \n \n \n This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in\n \n the United States\n \n . The securities have not been and will not be registered under the United States Act of 1933, as amended (the \"U.S. Securities Act\") or a...