- C3 Metals (CCCM) has closed the first tranche of its previously announced non-brokered private placement for gross proceeds of $4,668,000
- The company plans to use the gross proceeds for exploration expenditures, working capital, and general corporate purposes
- C3 Metals is a junior minerals exploration company focusing on the discovery and development of large copper and gold deposits
- C3 Metals Inc. (CCCM) opened trading at C$0.05 per share
C3 Metals (CCCM) has closed the first tranche of its previously announced non-brokered private placement for gross proceeds of $4,668,000.
The company issued 93,360,000 common shares at $0.05 per share. C3 plans to use the gross proceeds for exploration expenditures, working capital, and general corporate purposes.
All securities issued in connection with the offering will be subject to a hold period of four months.
An insider of the company also subscribed for 6,000,000 common shares in the offering.
About the company
C3 Metals is a junior minerals exploration company focusing on the discovery and development of large copper and gold deposits.
The company’s Jasperoide project, located in the prolific, high-grade Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru, covers 26,800 hectares. Mineralization at Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore).
The company also holds a 100 per cent interest in five licenses. It covers 20,700 hectares of highly prospective copper-gold terrain within the Crawle River-Rio Minho Fault Porphyry and Epithermal District in Jamaica.
C3 Metals Inc. (CCCM) opened trading at C$0.05 per share.
