Business
BTU Announces Financing
VANCOUVER, BC / ACCESS Newswire / March 17, 2026 /BTU METALS CORP. ("BTU" or the "Company") (TSXV:BTU)(OTCQB:BTUMF) announces it has arranged a non-brokered private placement financing (the "Private Placement") to raise aggregate gross proceeds of ...
About this update from Peabody Energy Corporation
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / March 17, 2026 / BTU METALS CORP. ("BTU" or the "Company") (TSXV:BTU)(OTCQB:BTUMF) announces it has arranged a non-brokered private placement financing (the "Private Placement") to raise aggregate gross proceeds of up to $630,000 by way of issuing up to 10.5 million units (the "Units") at a price of $0.06 per Unit (the "Offering"). Proceeds raised from the Offering will be used for work programs at its portfolio of Ontario projects as well as for general working capital.","length":559,"tagName":"p"},{"type":"text","content":"Each unit shall be comprised of one common share of the company and one-half of one common share purchase warrant. Each whole warrant shall entitle the holder thereof to acquire one common share of BTU at a price of $0.10 for a period of 12 months following the closing of the offering.","length":286,"tagName":"p"},{"type":"text","content":"Finders' fees will be payable on the private placement.","length":59,"tagName":"p"},{"type":"text","content":"Closing of the offering is subject to approval of the TSX Venture Exchange.","length":75,"tagName":"p"},{"type":"text","content":"The securities issued under the offering, and any Shares that may be issuable on exercise of any such securities, will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities.","length":235,"tagName":"p"},{"type":"text","content":"With this funding, the $885,000 flow-through raised late last year and funds still on hand, BTU is fully funded well into 2027. Work is continuing on three of the four major properties in BTU's portfolio, see PR dated February 12, 2026.","length":240,"tagName":"p"},{"type":"text","content":"Paul Wood, CEO of BTU Metals Corp., stated "We laid out our 2026 plans at the outset of this year and we are on track. With drills to be turning on three of our properties over the course of this year we have multiple potential catalysts to create increased shareholder value."","length":287,"tagName":"p"},{"type":"text","content":"Bruce Durham, P. Geo., VP Exploration of the Company is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical information in this press release.","length":194,"tagName":"p"},{"type":"text",...