- Enerev5 Metals (ENEV) has completed the final tranche of its brokered private placement
- Under the final tranche, the company issued 725,600 units for gross proceeds of $36,280
- The company issued a total of 5,035,600 units for gross proceeds of $251,780
- The company will use the proceeds for working capital, and other general corporate purposes
- Enerev5 explores and develops battery metals properties around the world
- Enerev5 Metals Inc. (ENEV) opened trading at C$0.015
Enerev5 Metals (ENEV) has completed the final tranche of its previously announced brokered private placement.
Under the final tranche, the company issued 725,600 units for gross proceeds of $36,280. Each unit consisted of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share for a period of two years.
The company paid the placement agent, IBK Capital Corp., a cash fee of $3,265, and issued 72,560 non-transferable broker warrants.
The company issued a total of 5,035,600 units under the private placement for gross proceeds of $251,780.
Net proceeds will be used for working capital and other general corporate purposes.
All securities issued are subject to a 4-month hold period.
Enerev5 explores and develops battery metals properties around the world.
Enerev5 Metals Inc. (ENEV) opened trading at C$0.015.
