- Canadian Premium Sand (CPS) has closed its brokered and concurrent non-brokered private placements for gross proceeds of $9,630,000
- The company issued a total of 32,100,000 units for $0.30 per unit
- Net proceeds will be used to advance the company’s patterned solar glass manufacturing facility
- Canadian Premium Sand (CPS) is an exploration stage company focused on developing its Wanipigow silica sand deposit in Manitoba
- Canadian Premium Sand Inc. (CPS) opened trading at C$0.35 per share
Canadian Premium Sand (CPS) has closed its brokered and concurrent non-brokered private placements for gross proceeds of $9,630,000.
The company issued a total of 32,100,000 units for $0.30 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share for a period of two years. Warrants are subject to an acceleration clause.
Net proceeds will be used to advance the company’s patterned solar glass manufacturing facility to a shovel-ready state, with plans to commence construction by Q1 2023.
The company paid commissions and fees totaling $448,006.
Canadian Premium Sand (CPS) is an exploration stage company evaluating a high-grade silica sand deposit located northeast of Winnipeg, Manitoba.
Canadian Premium Sand Inc. (CPS) opened trading at C$0.35 per share.
