Company Raises $690,000 Through Private Placement of NFT Units

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A publicly traded company has announced a successful private placement of NFT units, raising gross proceeds of $690,000. The funds will be used to finance exploration activities and general administrative expenses.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES") at a price of $0.40 per FT Unit, for gross proceeds of $690,000.”) at a price of $0.45 per Warrant Share for a period of twenty-four months from the date of issuance.”) and one Share purchase warrant of the Company entitling the holder to acquire one Warrant Share at a price of $0.45 per Warrant Share for a period of twenty-four months from the date of issuance.

All securities issued pursuant to the Private Placement are subject to a hold period expiring February 12, 2025, being the date that is four months and one day from the date of issuance, in accordance with applicable securities legislation. Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance.

Although such statements are based on reasonable assumptions of the Company’s management, there can be no assurance that any conclusions or forecasts will prove to be accurate.

 

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