The Company previously announced on December 12, 2024, the closing of the first tranche of its private placement. Under this tranche, 815,000 Units were issued at a price of $0.12 per Unit for gross proceeds of $97,800. Each Warrant shall be exercisable to acquire one (1) additional Common Share at an exercise price of $0.16 until December 23, 2029.
The Company intends to use the net proceeds raised from the Private Placement to develop its mineral property interests in Argentina, and for general administrative expenses and working capital purposes. All securities issued under the First Tranche are subject to a hold period expiring April 24, 2025, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.
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Company Closes First Tranche of Non-Brokered OfferingThe company announced the successful closing of the first tranche of its non-brokered offering of flow-through units and non-flow-through units (NFTs). The offering raised gross proceeds of $56,025 from the NFT units and a total of $398,025 for the initial closing. The second tranche is expected to close in mid-January 2025. Funds from the flow-through portion will be used for eligible Canadian exploration expenses related to the Albert Lake and Gochager Lake projects in Saskatchewan. Proceeds from the NFT units will support exploration, development, and working capital.
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