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68812126 neotech metals corp neotech metals announces close of private placement 296
Energy And ExtractivesRenewable EnergyHydropowerGlazier
Executive Summary
AI-generatedNeotech Metals Corp. announced the successful completion of a non-brokered private placement financing, raising total gross proceeds of $3,080,138. The funds raised will be allocated to general working capital (from NFT Units) and qualified expenditures for mineral properties (from FT Units).
Key Insights
- The company issued two types of units—NFT Units ($0.28/unit) and FT Units ($0.39/unit)—to raise the total gross proceeds.
- Total funds raised through the offering amounted to $3,080,138.
- Net proceeds from the sale of FT Units are designated for qualified expenditures related to mineral properties.
- The company also paid finder's fees and issued non-transferable warrants to Canaccord Genuity Corp. as part of the financing.
- Both NFT Warrants and FT Warrants include an acceleration provision, triggering if the share price exceeds $0.60 on the CSE for 10 consecutive trading days.
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