- Arras Minerals Corp. (ARK) has closed a non-brokered private placement for gross proceeds of $7.17 million
- The company sold a total of 15,938,250 common shares at $0.45 per share
- Proceeds will be used primarily to advance exploration activities at the company’s projects in NE Kazakhstan
- Arras Minerals Corp. is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan
- Arras Minerals Corp. (ARK) opened trading at C$0.45
Arras Minerals Corp. (ARK) has closed its previously announced non-brokered private placement for gross proceeds of $7.17 million.
The company sold a total of 15,938,250 common shares at $0.45 per share.
The company paid $84,432 in finders’ fees.
All securities issued will be subject to a statutory four-month hold period.
Proceeds will be used to advance exploration activities at the company’s projects in NE Kazakhstan and for general corporate purposes.
Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project.
Arras Minerals Corp. (ARK) opened trading at C$0.45.