Business
Tectonic Announces Strategic Investment By Crescat Capital As Part Of A C$3.5 Million Non-brokered Private Placement
Tectonic Announces Strategic Investment By Crescat Capital As Part Of A C$3.5 Million Non...
About this update from Tectonic Metals, Inc.
[{"type":"text","content":"\n \n \n \n Tectonic Announces Strategic Investment By Crescat Capital As Part Of A C$3.5 Million Non-brokered Private Placement\n \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.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnbcc{\nBORDER-TOP:0pt solid; BORDER-RIGHT:0pt solid; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt solid; BORDER-LEFT:0pt solid\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n VANCOUVER, BC\n \n ,\n \n May 10, 2021\n \n /CNW/ -\n \n Tectonic Metals Inc.\n \n (TSXV: TECT) (OTCQB: TETOF) (FSE: T15B) (\"Tectonic\" or the \"Company\") is excited to announce Crescat Capital LLC (\"Crescat\") as a new strategic investor in the Company as part of a\n \n C$3,500,000\n \n non-brokered private placement of units issued by Tectonic.\n \n \n \n \n \n \n \n \n \n \n Tony Reda\n \n , President & CEO of Tectonic stated, \"We are honored and extremely pleased to welcome Crescat Capital as a strategic shareholder in Tectonic.  Our focus has always been on acquiring high-quality shareholders and Crescat's reputation for investment and technical expertise is a compelling endorsement of Tectonic.  Advised by renowned geologist Dr.\n \n Quinton Hennigh\n \n , Crescat's investment demonstrates its confidence in our team's ability to execute on our plans - even more so this year as Tectonic's exploration work has significantly advanced the drill targets at both Tibbs and Seventymile, and our understanding of the targets is now in the best position it has been since we acquired them.\"\n \n \n \n Kevin C. Smith\n \n , CFA, Member and Chief Investment Officer of Crescat commented, \"We love the high-grade gold targets that Tectonic will aggressively pursue this season. Soil anomalies and previous drill results indicate potential mineralized systems on th...