Source: Prismo Metals Inc.
  • Prismo Metals (PRIZ) is pleased to announce a non-brokered private placement for gross proceeds of up to $2 million
  • The company will issue up to 6.6 million units priced at $0.30
  • The proceeds will be used to complete a 4,000 meter drilling campaign on Prismo’s Palos Verdes property
  • The offering is scheduled to close on or about December 22, 2021
  • Prismo is a junior mining company focused on precious metal exploration in Mexico
  • Prismo Metals Inc. (PRIZ) opened trading at C$0.38 per share

Prismo Metals (PRIZ) is pleased to announce a non-brokered private placement for gross proceeds of up to $2 million.

The company will issue up to 6.6 million units priced at $0.30 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of $0.45 for a period of 24 months following the closing of the offering.

The proceeds will be used to complete a 4,000-meter drilling campaign on Prismo’s Palos Verdes property, conduct exploration on its Los Pavitos property with a view of identifying drilling targets and for general working capital.

The offering is scheduled to close on or about December 22, 2021 and is subject to the approval of the CSE. 

Prismo is a junior mining company focused on precious metal exploration in Mexico.

Prismo Metals Inc. (PRIZ) opened trading at C$0.38 per share.

More From The Market Online

Nine Mile Metals completes acquisition of 3 properties

Nine Mile Metals (CSE:NINE) completes the exercise and acquisition of its 100 per cent interest in three properties in New Brunswick.

Canopy Growth fuels turnaround story with fresh capital

Canopy Growth (TSX:WEED) continues its turnaround story with a C$96.3 million exchange and subscription deal with an institutional investor.

Junior gold CEO signals conviction with new investment

Cynthia Le Sueur-Aquin, CEO of junior gold stock Laurion Mineral Exploration (TSXV:LME), will exercise 750,000 stock options for C$142,500.

Three stocks with multi-bagger potential

The best investors stick to stocks with the most easily discernible reasons in support of their multi-bagger potential.