Business
Trench Metals Announces Private Placement
(TheNewswire) Vancouver, Canada – TheNewswire - July 10, 2023 – T...
About this update from Patterson Metals Corp.
[{"type":"text","content":"Trench Metals Announces Private Placement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, Canada\n–\n \n \n TheNewswire -\n \n \n July 10, 2023 –\n \n \n Trench\n \n \n Metals Corp\n \n \n .\n \n \n (the\n“\n \n \n Company\n \n \n ”) (TSXV:\n \n \n TMC\n \n \n , FWB:\n \n \n 33H2\n \n \n ) is pleased to\nannounce it will conduct a non-brokered private placement (the\n“\n \n \n Offering\n \n \n ”) of up to 10,000,000 units of the Company (each, a\n“\n \n \n Unit\n \n \n ”) at a price of $0.25 per Unit to raise gross proceeds of\nup to $2,500,000.  Each Unit will consist of one common share of the\nCompany and one common share purchase warrant (each, a “\n \n \n Warrant\n \n \n ”).  Each\nWarrant will entitle the holder to purchase one common share of the\nCompany at a price of $0.30 at any time on or before the date which is\ntwelve months after closing of the Offering.\n \n \n \n \n The net proceeds raised from the Offering will be used\nto advance exploration work at the Higginson Lake Uranium Project,\nlocated in Northern Saskatchewan, and for general working capital\npurposes.\n \n \n \n \n The Company may pay finders’ fees to eligible parties\nwho have assisted in introducing subscribers to the Offering.  All\nsecurities issued in connection with the Offering will be subject to\nrestriction on resale for a period of four-months-and-one-day in\naccordance with applicable securities laws.  Closing of the Offering\nremains subject to the approval of the TSX Venture Exchange.\n \n \n \n \n Incentive Option Grant\n \n \n \n \n The Company also announces that it has granted\n1,500,000 incentive stock options (the “\n \n \n Options\n \n \n ”) to the\ndirectors and officers of the Company.  The Options vest immediately\nand are exercisable at a price of $0.30 until July 10, 2024.\n \n \n \n \n About\n \n \n Trench Metals Corp\n \n \n \n \n Trench Metals Corp\n \n \n . is a mineral exploration company with a focus on uranium.\nWe create value for our shareholders by engaging in promising mineral\nexploration opportunities. Our main goal is the advancement of various\nprojects from discovery all the way to production. This vertically\nintegrated strategy allows Trench Metals to achieve ...