- Mink Ventures Corporation (MINK.P) provided an update on its previously-announced qualifying transaction with Voltage Metals Corp. (VOLT) on the TSXV
- The company has also announced a non-brokered private placement in connection with the qualifying transaction
- The offering will consist of both hard dollar subscription receipts at a price of $0.14 per HD subscription receipt and flow-through subscription receipts at a price of $0.17 per FT subscription receipt
- Mink has filed a technical report on the Montcalm Project entitled “Technical Report on the Montcalm Project, Cochrane District, Northeastern, Ontario, Canada Report
- Mink Ventures Corporation is a capital pool company
- Mink Ventures Corporation was unchanged at $0.08 at 12:49 PM ET
Mink Ventures Corporation (MINK.P) has provided an update on its qualifying transaction with Voltage Metals Corp. (VOLT) on the TSX Venture Exchange.
The company has also announced the commencement of a non-brokered private placement in connection with the qualifying transaction.
The offering will consist of both hard dollar subscription receipts at a price of $0.14 per HD subscription receipt and flow-through subscription receipts at a price of $0.17 per FT subscription receipt.
Mink will offer a minimum of 2,821,428 HD subscription receipts and a maximum of 4,285,714 HD subscription receipts for gross proceeds of $395,000 in the case of the minimum offering and up to $600,000 in the case of the maximum offering.
Mink will also offer a minimum of 2,823,529 FT subscription receipts and a maximum of 3,529,411 FT subscription receipts for gross proceeds of $480,000 in the case of the minimum offering and up to $600,000 in the case of the maximum offering.
Upon completion of the qualifying transaction, the net proceeds of the offering are anticipated to be used to fund the phase one work program on the Montcalm Ni-Cu-Co project and for general and administrative operating expenses.
The company does not plan to make any changes to its officers or board of directors as a result of the qualifying transaction.
The company has filed a technical report on the Montcalm Project entitled “Technical Report on the Montcalm Project, Cochrane District, Northeastern, Ontario, Canada Report for NI 41-101, dated September 7, 2022 (effective August 11, 2022) prepared by SLR Consulting (Canada) Ltd.
Mink Ventures Corporation is a capital pool company that has acquired an option to earn an 80-per-cent interest in the Montcalm Ni-Cu-Co project as its qualifying transaction property.
Voltage Metals Corp. is a mineral exploration company focused on nickel and other battery metals exploration in the Canadian provinces of Ontario and Newfoundland.
Mink Ventures Corporation was unchanged at $0.08 at 12:49 PM ET.
