- Metallum Resources (MZN) has announced a non-brokered private placement to raise gross proceeds of $5,000,400
- The company will issue up to 83,340,000 units priced at $0.06 per unit
- Funds raised from the financing will be used to accelerate the development of the company’s Superior Lake Zinc and Copper Project
- Metallum Resources Inc. is a Vancouver-based zinc and copper-focused base metal resource company
- Metallum Resources Inc. (MZN) is unchanged on the day, trading at C$0.075 per share at 2 pm ET
Metallum Resources (MZN) has announced a non-brokered private placement to raise gross proceeds of $5,000,400.
The company will issue up to 83,340,000 units priced at $0.06 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at $0.14 for two years from closing.
Red Cloud Securities Inc. and CPS Capital Group Pty Ltd are acting as finders in the financing.
Funds raised from the financing will be used for general working capital, and to accelerate the development of the company’s Superior Lake Zinc and Copper Project.
Metallum Resources Inc. is a Vancouver-based zinc and copper-focused base metal resource company.
Metallum Resources Inc. (MZN) is unchanged on the day, trading at C$0.075 per share at 2 pm ET.
