Business
Mansa Exploration Inc. Announces Closing of C$1.95 Million Non-Brokered Financing
TORONTO, Dec. 31, 2021 /CNW/ - Mansa Exploration Inc. (CSE: MANS) (the "Company" or "Mansa") is pleased to report that it has closed its previously announced no
About this update from Voltage Metals Corp
[{"type":"text","content":" TORONTO, Dec. 31, 2021 /CNW/ - Mansa Exploration Inc. (CSE: MANS) (the \"Company\" or \"Mansa\") is pleased to report that it has closed its previously announced non-brokered private placement for gross proceeds of $1,945,700 (the \"Private Placement\"). The Company issued: (i) 7,112,665 units (the \"Units\") at an issue price of $0.15 per Unit with each Unit consisting of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a \"Warrant\"), with each Warrant entitling the holder thereof to purchase one common share of the Company at a price of $0.25 per share for a period of twenty-four months from the closing date of the Private Placement; and (ii) 4,395,000 flow-through shares at an issue price of $0.20 per share. Finder's fees of $111,748 are payable in cash. In addition, a total of 593,460 non-transferable finder's warrants are issuable (the \"Finder's Warrants\"), with 335,160 Finder's Warrant having an exercise price of $0.15 per share and 258,300 Finder's Warrant having an exercise price of $0.20 per share. Each Finder's Warrant entitles a finder to purchase one common share at the applicable exercise price for two years from the date of issue, expiring on December 29, 2023. The Company intends to use the proceeds of the flow-through shares for ongoing general exploration of the Company's mineral exploration properties in Canada. All securities issued pursuant to the Offering will be subject to a statutory four-month hold period in accordance with Canadian securities legislation. Update on Acquisition of Voltage Metals Inc. The Company continues to work towards completion of the acquisition (the \"Acquisition\") of Voltage Metals Inc. (\"Voltage\") – see the Company's press releases of August 16, 2021 and December 3, 2021. A further update will be provided in the next few weeks. About Mansa Exploration Mansa Exploration is a Canadian mineral exploration company listed on the Canadian Securities Exchange (CSE) under the symbol MANS. Mansa currently has an option to acquire a 100% interest in the 1,900-hectare Skyfire property located in the Caribou mining area of central British Columbia, Canada. Mansa may earn 100% interest by incurring an aggregate of $1,250,000 in exploration expenditures on the property by December 31, ...