Business
T2 Metals Welcomes Cornerstone Investor Titus Gebel and Provides Work Plan for H2 2024
Vancouver, British Columbia--(Newsfile Corp. - July 9, 2024) - T2 Metals Corp. (TSXV: TWO) (OTCQ...
About this update from T2 Metals Corp
[{"type":"text","content":"\nT2 Metals Welcomes Cornerstone Investor Titus Gebel and Provides Work Plan for H2 2024Vancouver, British Columbia--(Newsfile Corp. - July 9, 2024) - T2 Metals Corp. (TSXV: TWO) (OTCQB: AGLAF) (WKN: A2DR6E) (\"T2\" or the \"Company\") following the recent closing of an over-subscribed $2.9m private placement (see new release dated June 27, 2024), the Company is pleased to welcome new cornerstone and institutional shareholders who accounted for more than 50% of the non flow-through financing. Institutional participants in the private placement included: Aumontis Holding AG (\"Aumontis\"), a highly regarded European company backed by renowned resource investor Dr Titus Gebel. Dr Gebel was a Director of Osisko Exploration when the company discovered Canada's largest gold mine (Canadian Malartic), and was co-founder of German listed Deutsche Rohstoff AG. In addition to the Aumontis investment, Dr Gebel invested on a personal basis in the T2 Metals private placement;Lowell Resources Fund (\"Lowell\"), an Australian listed investment trust with a strong track record for successful early investment in exploration stage assets. Lowell is known for achieving market leading investment returns through astute project assessment;Earthlabs Inc (\"Earthlabs\"), an innovative Canadian media and investment group that has demonstrated technical and commercial leadership in the exploration industry; and The ARI Fund (\"ARI\"), an Australian private investment fund with a global natural resources mandate. ARI's unique blend of experience, technical expertise and resources industry networks enable it to identify stand-out resources projects.The institutional investors all completed technical and commercial due diligence on T2 Metals, and appreciate the unique opportunity presented by the high-merit Sherridon copper asset in Manitoba, with demonstrated support from First Nation communities and the provincial government, plus the strong technical team, low shares on issue and high insider ownership. Mark Saxon, CEO of T2 Metals Corp. said, \"Through our recent financing, we have built a very strong institutional shareholding in the Company that places us in an excellent position for continued discovery success. These institutional investors have all spent time with our technical team and share the vision for major discovery at Sherridon in ...