- 1844 Resources (EFF) intends to complete a non-brokered private placement for proceeds of up to $325,000
- The company will issue up to 5,000,000 units at a price of $0.065 per unit
- Each unit will consist of one common share and one-half of one non-transferable share purchase warrant
- Net proceeds from the offering will be used for administrative and other general working capital
- 1844 Resources is an exploration company with a focus on strategic and energetic metals
- 1844 Resources Inc. (EFF) is unchanged on the day, trading at C$0.07 per share at 2:45 pm EST
1844 Resources (EFF) has announced its intention to complete a non-brokered private placement for gross proceeds of up to $325,000.
The company will issue up to 5,000,000 units at a price of $0.065 per unit.
Each unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant will entitle the holder to purchase one additional share at an exercise price of $0.075 for a period of 18 months from the closing date.
The company may complete the placement in multiple tranches. Each closing is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals.
Net proceeds from the offering will be used for administrative and other general working capital.
1844 Resources is an exploration company with a focus on strategic and energetic metals.
1844 Resources Inc. (EFF) is unchanged on the day, trading at C$0.07 per share at 2:45 pm EST.