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Nord Precious Metals Announces Proposed Consolidation and Non-Brokered Private Placement
(TheNewswire) July 22, 2024 – TheNewswire – Coquitlam, BC, Nord Preci...
About this update from Nord Precious Metals Mining Inc.
[{"type":"text","content":"Nord Precious Metals Announces Proposed Consolidation and Non-Brokered Private Placement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n July 22, 2024 –\n \n \n TheNewswire –\n \n \n Coquitlam, BC, Nord Precious Metals Mining Inc.,\n \n \n (TSXV: NTH) (OTCQB: CCWOF) (Frankfurt: 4T9B)\n(the \"Company\" or \"Nord” or “Nord Precious\nMetals”), announces today that it intends to consolidate all of its\nissued and outstanding common shares on a 10:1 basis (ten old common\nshares for each one new common share) (the \"Consolidation\").\n \n \n \n \n The Company does not intend to change its name or its\ncurrent trading symbol in connection with the Consolidation.  The\neffective date of the Consolidation and the new CUSIP for the common\nshares will be announced in the coming days.\n \n \n \n \n In addition, the Company announces a non-brokered\nprivate placement (the \"Private Placement\") of up to\n3,333,333 units of the Company (\"Units\") at a price of $0.30\nper Unit (post-Consolidation) to raise gross proceeds of up to\n$1,000,000. Each Unit will consist of one post-Consolidation common\nshare and one half of one post-Consolidation common share warrant (a\n\"Warrant\"). Each Warrant will entitle the holder to acquire\na one post-Consolidation common share at a price of $0.50 for three\nyears. Finders’ fees may be paid in connection with the Private\nPlacement.   All securities issued pursuant to the Private Placement\nwill be subject to a statutory hold period of four months and one day\nfrom closing.\n \n \n \n \n The Company has received shareholder approval to the\nConsolidation.  Completion of the Consolidation and the Private\nPlacement remains subject to the approval of the TSX Venture\nExchange.\n \n \n \n \n The Company intends to use the proceeds of the Private\nPlacement for exploration on its Castle East Project, Gowganda,\nOntario and for general working capital and administration\ncosts.\n \n \n \n \n About Nord Precious Metals Mining\nInc.\n \n \n \n \n Nord Precious Metals Mining Inc. (formerly Canada\nSilver Cobalt Works Inc.) recently discovered a major high-grade\nsilver vein system at Castle East located 1.5 km from its 100%-owned,\npast-producing Castle Mine near Gowganda in the pr...