- Canterra Minerals (CTM) has closed its private placement for gross proceeds of approximately $1.1 million
- The offering consisted of 3,692,500 flow-through common shares priced at $0.30 per share
- The proceeds from the offering will be used for exploration expenses on the company’s mineral properties in Newfoundland
- Canterra Minerals is engaged in the acquisition, exploration and evaluation of mineral properties in Newfoundland
- Canterra Minerals Corporation (CTM) opened trading at C$0.265 per share
Canterra Minerals (CTM) has closed its previously announced private placement for gross proceeds of approximately $1.1 million.
The offering consisted of 3,692,500 flow-through common shares priced at $0.30 per share.
Gross proceeds will be used for exploration activity on the company’s Wilding, Noel-Paul and Lemarchant projects located in central Newfoundland. Drilling is expected to recommence in early 2022.
The company has paid finder’s fees totalling $51,240.
The shares are subject to a statutory hold period expiring on April 25, 2022.
Canterra Minerals is engaged in the acquisition, exploration and evaluation of mineral properties in Newfoundland.
Canterra Minerals Corporation (CTM) opened trading at C$0.265 per share.