- Bathurst Metals Corp. (BMV) has closed a private placement for gross proceeds of $207,500
- The company issued 1,600,000 units for $0.125 per unit
- The company also closed a non-brokered private placement raising gross proceeds of $40,000.00
- Proceeds of the private placements will be used in part to fund the company’s 2023 exploration and evaluation program on the B.C.-based Peerless Project
- Bathurst Metals Corp is an exploration company that holds interests in several mineral properties in Canada
- Bathurst Metals (BMV) opened trading at C$0.105
Bathurst Metals Corp. (BMV) has closed its private placement for gross proceeds of $207,500.
The company issued 1,600,000 units for $0.125 per unit. Each unit has one flow-through common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of $0.25 for one year.
The securities issued are subject to a statutory four-month hold period.
Proceeds of the private placement will be used in part to fund the company’s 2023 exploration and evaluation program on the recently announced B.C.-based Peerless Project.
The company also closed a non-brokered private placement raising gross proceeds of $40,000.00.
All securities issued under both private placements are subject to a statutory four-month hold period.
Bathurst Metals Corp is an exploration company engaged in the acquisition, exploration, and development of mineral properties in Canada. The company holds an interest in the Turner Lake, McGregor Lake, Gela Lake, McAvoy Lake, and Speers Lake projects.
Bathurst Metals (BMV) opened trading at C$0.105