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Canada Silver Cobalt Announces $2 Million Marketed Private Placement of Flow-Through Shares
(TheNewswire) Coquitlam, BC - TheNewswire - December 3, 2021 - Canada...
About this update from Nord Precious Metals Mining Inc.
[{"type":"text","content":"Canada Silver Cobalt Announces $2 Million Marketed Private Placement of Flow-Through Shares \n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Coquitlam, BC -\n \n \n TheNewswire -\n \n \n December 3, 2021 - Canada Silver Cobalt Works\nInc.\n \n \n (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B)\n(the \"\n \n \n Company\n \n \n \" or \"\n \n \n Canada Silver Cobalt\n \n \n \") announces that it\nhas entered into an agreement with Research Capital Corporation to act\nas sole bookrunner and together with Canaccord Genuity Corp. as\nco-lead agents (together, the “\n \n \n Agents\n \n \n ”), in connection with a marketed\nprivate placement offering (the “\n \n \n Offering\n \n \n ”) for\naggregate gross proceeds of up to $2,000,000 in a combination of: (i)\n \n \n flow-through common shares of the Company (the\n“\n \n \n FT Shares\n \n \n ”) that will qualify as a “flow-through share” within\nthe meaning of subsection 66(15) of the Income Tax Act (Canada) (the\n“\n \n \n Tax Act\n \n \n ”), at a price of $0.23 per FT Share, and (ii)\n \n \n Quebec flow-through common shares of the Company (the\n“\n \n \n QFT Shares\n \n \n ”) that\n \n \n will qualify as a\n“flow-through share” within the meaning of subsection 66(15) of\nthe Tax Act and section 359.1 of the\n \n \n Taxation Act\n \n \n (Québec), at a price of $0.24 per QFT Share.\n \n \n \n \n The Agents will have an option (the “\n \n \n Agents’ Option\n \n \n ”)\nto offer for sale up to an additional 15% of the number of FT Shares\nand/or QFT Shares sold in the Offering at the Offering Price, which\nAgents’ Option is exercisable, in whole or in part, at any time up\nto 48 hours prior to the closing of the Offering.\n \n \n \n \n The proceeds from the issue and sale of the FT Shares\nand QFT Shares will be used to incur Canadian Exploration Expenses and\n“flow-through mining expenditures” as defined in subsection 127(9)\nof the Tax Act and under section 359.1 of the\n \n \n Taxation Act\n \n \n (Quebec) (the \"\n \n \n Qualifying Expenditures\n \n \n \")\n \n \n on the Company’s Castle property and Graal\nproperty\n \n \n , which will be incurred on or before\nDecember 31, 2022 and renounced with an effective date no later than\nDecember...