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Resouro Strategic Metals Inc. Announces Private Placement Financing
(TheNewswire) Toronto, Ontario / TheNewswire / March 14, 2024 - Resouro Strategic M...
About this update from Resouro Strategic Metals Inc
[{"type":"text","content":"Resouro Strategic Metals Inc. Announces Private Placement Financing\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 Toronto, Ontario /\n \n \n TheNewswire\n \n \n / March 14, 2024 - Resouro\nStrategic Metals Inc. (\n \n \n TSXV: RSM\n \n \n ) (\n \n \n FSE: BU9\n \n \n )\n(\"\n \n \n Resouro\n \n \n \" or the \"\n \n \n Company\n \n \n \")\n \n \n is\npleased to announce that it intends to issue, by way of a\npartially-brokered private placement, common shares of the Company\n(\"\n \n \n Common\nShares\n \n \n \") at a purchase price of $0.42 per\nCommon Share (the \"\n \n \n Offering Price\n \n \n \") for gross proceeds of up\nto $1,500,000 (the \"\n \n \n Offering\n \n \n \"). Resouro expects the Offering\nto close on or about March 21, 2024 (the \"\n \n \n Closing Date\n \n \n \").\n \n \n \n \n The net proceeds of the Offering will be for general\ncorporate purposes.\n \n \n \n \n The Offering Price and the Completion of the Offering\nis subject to certain conditions including, but not limited to, the\nreceipt of all necessary regulatory approvals including the approval\nof the TSX Venture Exchange (the \"\n \n \n TSXV\n \n \n \"). The\nCommon Shares will be subject to a statutory hold period of four\nmonths plus one day from the Closing Date, in accordance with\napplicable securities legislation.\n \n \n \n \n The Company intends to rely upon exemptions from the\nformal valuation and minority approval requirements of MI\n61-101.\n \n \n \n \n Secondary listing on the Australian\nSecurities Exchange (“ASX”)\n \n \n \n \n The Company is also continuing to pursue a secondary\nlisting on ASX which, subject to satisfying all ASX requirements and\nmarket conditions, is targeted for Q2 2024. Shareholders are advised\nthat there is no certainty, or guarantee, that the ASX listing will\noccur and there is a risk that the Company may not be able to comply\nwith the requirements and/or satisfy the conditions imposed by the\nASX.\n \n \n \n \n About Resouro Strategic Metals\nInc.\n \n \n \n \n Resouro is a Canadian-based mineral exploration and\ndevelopment company focused on the discovery and advancement of\neconomic mineral projects in Brazil, including the Tiros Project in\nMinas Gerais and the Novo Mundo and Santa Angela gold projects in Mato\nGrosso State.\n \n \n...