- 1844 Resources (EFF) has amended its short form prospectus offering
- The company has also announced a non-brokered private placement of 4,000,000 flow-through common shares
- Under the amended prospectus offering, 1844 will issue up to 15,000,000 common shares for $0.05 per share
- 1844 is an exploration company with a focus on strategic and energetic metals
- 1844 Resources Inc. (EFF) opened trading at C$0.05
1844 Resources (EFF) has changed the size of and repriced its previously announced short form prospectus offering.
The company will issue up to 15,000,000 common shares for $0.05 per share.
Closing of the offering remains subject to the approval of the TSX Venture Exchange and applicable securities regulatory authorities.
The net proceeds of the offering will be used for on-going exploration expenditures on the Company’s properties and general corporate purposes.
The company has also announced a non-brokered private placement of 4,000,000 flow-through common shares for $0.08 per share.
The shares issued under the private placement will be subject to a four-month hold period.
The private placement is anticipated to close on or before July 30, 2022.
1844 is an exploration company with a focus on strategic and energetic metals. The company’s exploration properties include the Vortex, Davidson, Native Copper and Lac Arsenault.
1844 Resources Inc. (EFF) opened trading at C$0.05.