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Canada Silver Cobalt Announces $3 Million Marketed Public Offering of Units And Flow-Through Units
(TheNewswire) Coquitlam, BC – TheNewswire - October 12, 2021 -...
About this update from Nord Precious Metals Mining Inc.
[{"type":"text","content":"Canada Silver Cobalt Announces $3 Million Marketed Public Offering of Units And Flow-Through Units\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Coquitlam, BC –\n \n \n TheNewswire\n-\n \n \n October 12, 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\npublic offering (the “\n \n \n Offering\n \n \n ”) for aggregate gross proceeds of\nup to $3,000,000 in a combination of: (i) units of the Company (the\n“\n \n \n Units\n \n \n ”) at a price of $0.21\n \n \n per Unit and\n(ii) flow-through units of the Company (the “\n \n \n FT Units\n \n \n ”) at a\nprice of $0.23 per FT Unit.\n \n \n \n \n Each Unit will be comprised of one common share of the\nCompany (a \"\n \n \n Common\nShare\n \n \n \") and\n \n \n one\n \n \n Common Share purchase warrant of the Company (a\n\"\n \n \n Warrant\n \n \n \"). Each FT Unit will be comprised of one flow-through\nCommon Share\n \n \n that will qualify as a\n“flow-through share” within the meaning of subsection 66(15) of\nthe\n \n \n Income Tax\nAct\n \n \n (Canada)\n \n \n and\n \n \n one\n \n \n Warrant. Each Warrant\nwill entitle the holder thereof to purchase one additional Common\nShare at an exercise price of $0.25\n \n \n for a period\nof\n \n \n 24\n \n \n months following\nclosing of the Offering\n \n \n .\n \n \n \n \n Canada Silver Cobalt will use the net proceeds from the\nOffering of the Units for working capital and general corporate\npurposes and will use the proceeds from the Offering of the FT Units\nto incur Canadian Exploration Expenses on the Company’s Castle\nproperty.\n \n \n \n \n The Agents will have an option, exercisable in whole or\nin part at any time prior to closing of the Offering, to increase the\nnumber of Units, FT Units, and/or the components thereof purchased and\nsold under the Offering for additional gross proceeds to the Company\nof up to $3,000,000.\n \n \n \n \n The Agents will also have the option (the\nȁ...