- 1844 Resources (EFF) has closed a public offering for gross proceeds of $508,200
- The company issued 10,164,000 common shares at a price of $0.05 per share
- Net proceeds will be used for ongoing exploration expenditures on the company’s properties
- 1844 is an exploration company with a focus on strategic and energetic metals
- 1844 Resources Inc. (EFF) is unchanged on the day, trading at C$0.04 per share at 2 pm ET
1844 Resources (EFF) has closed a public offering for gross proceeds of $508,200.
The company issued 10,164,000 common shares at a price of $0.05 per share.
Leede Jones Gable Inc conducted the offering. It included a syndicate of brokers, including Raymond James Ltd., Richardson Wealth, Echelon Wealth Partners Inc. and Equity Capital Markets Compensation Securities.
The company issued a total of 813,120 non-transferable compensation options and a cash commission of $40,565, and a corporate finance fee of $25,000.
Net proceeds will be used for ongoing exploration expenditures on the company’s properties and general corporate purposes.
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) is unchanged on the day, trading at C$0.04 per share at 2 pm ET.