Vancouver, British Columbia, November 26, 2021 (GLOBE NEWSWIRE) — Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil” or “Company”) offered 4,350,000 units of unmediated private placement (“placement”) for $ 0.125 per unit for $ 543,750 and 1,100,000 flow-through (“FT”) shares for $ 0.15 per FT share. Announced to close. A total of $ 708,750, $ 165,000, came into effect on November 15th and 25th, 2021. Placements were initially announced at $ 500,000 and then increased to $ 650,000 through news releases on October 19th and 22nd, 2021. The end of the placement is final approval by the TSX Venture Exchange. Securities issued in connection with the placement are subject to a holding period that expires four months and one day after the issue date. As part of your placement’s revenue, you’ll have to pay a total of $ 19,350 for 6% of the Finder.
The 4,350,000 units consist of one share of our common stock and half of one non-transferable stock purchase warrant. The entire warrant (“warrant”) can be exercised to purchase an additional share of our common stock at a price of $ 0.20 in the first year and will increase to $ 0.25 in the second year after the offer closes. To do.
We also receive $ 102,000 for $ 0.12 per warrant from the exercise of 850,000 warrants. Of the total revenue received of $ 810,750, $ 645,750 will be used for drilling programs and working capital for our Silver Gold project in Durango and Zacatecas, Canada, and the $ 165,000 FT portion will be in British Colombia, Canada. The company’s copper-gold project.
Canasil is a Canadian mineral exploration company with a strong portfolio of wholly owned silver-gold-copper-lead-zinc exploration projects in Durango and Zacatecas, Mexico, and British Columbia, Canada. Our board of directors and management includes industry experts who have a proven track record of identifying successful mineral exploration projects, leading to discovery and further development. We are actively engaged in mineral property research, have a business subsidiary in Durango, Mexico, and have full-time geology and support staff for our business in Mexico.
For more information, please contact:
President and Chief Executive Officer
Canasil Resources Inc.
Tel: (604) 709-0109
Neither the TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange Policy) is responsible for the validity or accuracy of this news release.
This news release does not constitute an offer to sell or solicit a purchase offer, nor does it include the sale of securities in jurisdictions where such offer, solicitation, or sale is illegal. United States of America. Securities have not been and will not be registered under the US Securities Act of 1933 (the “1933 Act”) or the State Securities Act. It may not be offered or sold in the United States or for its account or profit. Unless registered under the Securities Act of 1933 and the applicable State Securities Act (as defined in Regulation S of the Securities Act of 1933), or if an exemption from such registration requirements is available. ,Americans..
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Canasil has completed an oversubscribed non-branched private placement of $ 708,750 and will receive $ 102,000 from the warrant exercise for a total of $ 810,750, Canadian Business Journal.
Source link Canasil has completed an oversubscribed non-branched private placement of $ 708,750 and will receive $ 102,000 from the warrant exercise for a total of $ 810,750, Canadian Business Journal.