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OUTBACK ANNOUNCES INITIAL CLOSING OF PRIVATE PLACEMENT FOR PROCEEDS OF $2.41 MILLION
OUTBACK ANNOUNCES INITIAL CLOSING OF PRIVATE PLACEMENT FOR PROCEEDS OF $2.41 MILLION Ca...
About this update from Valkea Resources Corp
[{"type":"text","content":"\n\n \n \n \n OUTBACK ANNOUNCES INITIAL CLOSING OF PRIVATE PLACEMENT FOR PROCEEDS OF $2.41 MILLION\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 \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/\n \n \n \n \n TSX.V: OZ\n \n \n |\n \n \n OTCQB: OZBKF\n \n \n |\n \n \n FSE: S600\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 21, 2024\n \n \n /CNW/ -\n \n Outback Goldfields Corp\n \n . (the \"\n \n Company\n \n \" or \"\n \n Outback\n \n \") (TSXV: OZ) (OTCQB: OZBKF) is pleased to announce that it has closed the initial tranche (the \"\n \n Initial Tranche\n \n \") of the non-brokered private placement previously announced on\n \n April 25, 2024\n \n (the \"\n \n Offering\n \n \"). The Offering is being conducted in conjunction with the Company's previously announced acquisition of a prospective portfolio of gold projects in\n \n Finland\n \n (the \"\n \n Finnish Assets\n \n \") from a subsidiary of S2 Resources Ltd., as detailed in the Company's press release dated\n \n March 1, 2024\n \n (the \"\n \n Transaction\n \n \").\n \n \n \n \n \n \n \n \n \n Pursuant to the Initial Tranche, Outback issued 60,350,000 subscription receipts (each, a \"\n \n Subscription Receipt\n \n \") at a price of\n \n $0.04\n \n per Subscription Receipt for gross proceeds of\n \n $2,414,000\n \n . Each Subscription Receipt, upon satisfaction of the Release Conditions (as defined herein), will automatically convert into one unit (each, a \"\n \n Unit\n \n \"), with each Unit comprising of one common share of the Company (each, a \"\n \n Share\n \n \") and one common share purchase warrant of the Company (each, a \"\n \n Warrant\n \n '). Each Warrant will entitle the holder thereof to purchase one additional Share at a price of\n \n $0.06\n \n for a period of three years following the conversion of the Subscription Receipts.\n \n \n The Company expects to close a final tranche of the Offering on or around\n \n July 31, 2024\n \n for gross proceeds of\n \n $5,000,000...