- Barsele Minerals (BME) has announced plans to undertake a non-brokered private placement to raise gross proceeds of up to $2,000,000
- The company will issue up to 4,000,000 units priced at $0.50 per unit
- Net proceeds will be used for working capital requirements and other general corporate purposes
- Barsele is a Canadian-based junior exploration company
- Barsele Minerals Corp. (BME) is down 4.90 per cent on the day, trading at C$0.485 per share at 1:10 pm EST
Barsele Minerals (BME) has announced plans to undertake a non-brokered private placement to raise gross proceeds of up to $2,000,000.
The company will issue up to 4,000,000 units priced at $0.50 per unit. Each unit consists of one common share and one-half of one warrant. Each whole warrant will entitle the holder to acquire one additional share at a price of $0.75 for a period of 24 months.
Net proceeds will be used for working capital requirements and other general corporate purposes.
The offering is anticipated to close on or about January 25, 2022, subject to the approval of the TSX Venture Exchange. All securities issued will be subject to a statutory four-month and one-day hold period from the closing date.
Barsele is a Canadian-based junior exploration company managed by the Belcarra Group. Barsele’s main property is the Barsele Gold Project in Västerbottens Län, Sweden, a joint venture with Agnico Eagle.
Barsele Minerals Corp. (BME) is down 4.90 per cent on the day, trading at C$0.485 per share at 1:10 pm EST.