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Canoe Mining (TSXV:CLV) closes private placement

Mining
TSXV:CLV
02 February 2022 11:45 (EDT)

Canoe Mining Ventures (CLV) has closed a non-brokered private placement for gross proceeds of $510,000.

The company issued 6,375,000 units at a price of $0.08 per unit. Each unit consists of one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to acquire one additional share at a price of $0.125 for up to three years.

Proceeds will be used for working capital and general corporate purposes. 

Canoe Mining Ventures Corp is engaged in the exploration and development of gold resource properties in Canada.

Canoe Mining Ventures Corp. (CLV) is unchanged, trading at C$0.105 per share at 11:30 am EST.

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