Business
Canada Silver Cobalt Announces upsized $6.5 Million Marketed Public Offering of Units and Flow-Through Units
(TheNewswire) Coquitlam, BC - TheNewswire October 19, 2021 - Canada S...
About this update from Nord Precious Metals Mining Inc.
[{"type":"text","content":"Canada Silver Cobalt Announces upsized $6.5 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 October 19, 2021 - Canada\nSilver Cobalt Works Inc.\n \n \n (TSXV:CCW) (OTC:CCWOF)\n(Frankfurt:4T9B) (the \"\n \n \n Company\n \n \n \" or \"\n \n \n Canada Silver Cobalt\n \n \n \") announces that it has entered into an agreement with\nResearch Capital Corporation to increase the size of its\npreviously-announced marketed public offering (the \"\n \n \n Offering\n \n \n \"). The\nmaximum size of the Offering has been increased to $6.5 million from\nthe previous maximum of $3 million. The Offering consists of units of\nthe Company (the “\n \n \n Units\n \n \n ”) at a price of $0.21\n \n \n per Unit and flow-through units of the Company (the\n“\n \n \n FT Units\n \n \n ”) at a price of $0.23 per FT Unit. The Offering is being\nconducted on a \"best efforts\" agency basis co-led by\nResearch Capital Corporation, as sole bookrunner, and Canaccord\nGenuity Corp. as co-lead agents (together, the “\n \n \n Agents\n \n \n ”).\n \n \n \n \n As previously announced, each Unit will be comprised of\none common share of the Company (a \"\n \n \n Common Share\n \n \n \")\nand\n \n \n one\n \n \n Common Share\npurchase warrant of the Company (a \"\n \n \n Warrant\n \n \n \"). Each\nFT Unit will be comprised of one flow-through Common Share\n \n \n that will qualify as a “flow-through share”\nwithin the meaning of subsection 66(15) of the\n \n \n Income Tax Act\n \n \n (Canada)\n \n \n and\n \n \n one\n \n \n Warrant. Each Warrant will entitle the holder\nthereof to purchase one additional Common Share at an exercise price\nof $0.25\n \n \n for a period of\n \n \n 24\n \n \n months following closing of the\nOffering\n \n \n .\n \n \n \n \n The Agents will have an option (the “\n \n \n Over-Allotment Option\n \n \n ”) to increase the size of the Offering by up to an\nadditional 15% in Units, FT Units and/or the components thereof, to\ncover over-allotments and for market stabilization purposes, by giving\nwritten notice of the exercise of the Over-Allotment Option to the\nCompany at any time up to 30 days following Closing.\n \n \n \n \n Canada Silver Cobalt will...