Business
Central Timmins Upsizes Non-Flow-Through Offering to 5,000,000 Units and Reprices Flow-Through Offering to $0.60
Central Timmins Upsizes Non-Flow-Through Offering to 5,000,000 Units and Reprices Flow-Thr...
About this update from P2 Gold Inc.
[{"type":"text","content":"\n\n\n\nCentral Timmins Upsizes Non-Flow-Through Offering to 5,000,000 Units and Reprices Flow-Through Offering to $0.60\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\nCanada NewsWire\nTORONTO, July 17, 2020\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./\n TORONTO, July 17, 2020 /CNW/ - Central Timmins Exploration Corp. (\"CTEC\" or the \"Company\") (TSXV: CTEC) reports that it intends to increase the size of its previously announced non-brokered private placement of non-flow-through units from 3,000,000 units to 5,000,000 units (the \"NFT Offering\") and reprice its previously announced non-brokered private placement of flow-through common shares from $0.75 to $0.60 (the \"FT Offering\") (together, the NFT Offering and FT Offering are the \"Private Placement\").\n\n \n \n \n \n \n \n\n \nNon-Flow-Through Offering\nThe NFT Offering will now consist of up to 5,000,000 non-flow-through units (the \"Units\") at a price of $0.50 per unit for gross proceeds of up to $2.5 million. Each Unit will consist of one non-flow-through common share in the capital of the Company and one non-flow-through common share purchase warrant (a \"Warrant\"). Each Warrant will entitle the holder to purchase one additional non-flow-through common share in the capital of the Company at an exercise price of $0.75 per common share for a period of two years from the date of issue (the \"Expiry Time\"), provided that, if after four months from the date of issue, the closing price of the common shares of the Company on the Exchange is equal to or greater than $1.25 for a period of 10 consecutive trading days at any time prior to the Expiry Time, the Company will have the right to accelerate the Expiry Time of the Warrants by giving notice to the holders of the Warrants by news release or other form of notice permitted by the certificate representing the Warrants that the Warrants will expire at 4:30 p.m. (Vancouver t...