Business
Viridian Metals Announces Financing to Accelerate Critical Metals Exploration in Labrador
Viridian Metals Inc. (CSE: VRDN) ("Viridian" or the "Company") is pleased to announce its intention to close a non brokered private placement comprised of Charity Flow-Through Units, Flow-Through Units, and Hard Dollar Units (the "Offering") for combined total proceeds of up to $1,900,000.
About this update from Viridian Metals Inc
[{"type":"text","content":"/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/","length":91,"tagName":"p","attribs":{}},{"type":"text","content":"VANCOUVER, BC, May 2, 2025 /CNW/ - Viridian Metals Inc. (CSE: VRDN) ("Viridian" or the "Company") is pleased to announce its intention to close a non brokered private placement comprised of Charity Flow-Through Units, Flow-Through Units, and Hard Dollar Units (the "Offering") for combined total proceeds of up to $1,900,000.","length":361,"tagName":"p"},{"type":"image","alt":"Viridian Metals logo (CNW Group/Viridian Metals)","displaySize":"","headline":null,"caption":"Viridian Metals logo (CNW Group/Viridian Metals)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/cnwgroup.com/a964cc6b0aa3925258350e6251e2b3e5"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/h9bS3.Vmr_gYUMv_D7XKng--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNTtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/a964cc6b0aa3925258350e6251e2b3e5","width":400,"height":400}},"href":"https://mma.prnewswire.com/media/2678617/Viridian_Metals_Viridian_Metals_Announces_Financing_to_Accelerat.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Offering Structure","length":18,"tagName":"p"},{"type":"text","content":"The Offering will be comprised of a combination of:","length":51,"tagName":"p"},{"type":"list","items":[],"tagName":"ul","bulletedList":true,"length":0,"olType":false},{"type":"list","items":[],"tagName":"ul","bulletedList":true,"length":0,"olType":false},{"type":"list","items":[],"tagName":"ul","bulletedList":true,"length":0,"olType":false},{"type":"text","content":"Use of Proceeds","length":15,"tagName":"p"},{"type":"text","content":"The gross proceeds raised through the issuance of Flow-Through Units and Charity Flow-Through Units must be used by the Company to incur eligible Canadian exploration expenses that qualify as "flow-through critical mineral mining expenditure" within the meaning of the Income Tax Act (Canada) at the Company's Labrador mining projects. The applicable expenditures will be renounced to subscribers to the Flow-Through Units and Charity Flow-Through Units with an effective date on or before December 31, 2025. Funds will support surface...