- Canterra Minerals (CTM) has completed its previously announced non-brokered private placement
- Gross proceeds totalled approximately $2.7M
- Mr. Eric Sprott acquired 13,181,000 units for a total investment of $2,636,200
- Canterra Minerals is an exploration-stage company
- Canterra Minerals Corporation (CTM) is down 12.64 per cent, trading at C$0.38 per share at 2:30 pm ET
Canterra Minerals (CTM) has completed its previously announced non-brokered private placement, raising total gross proceeds of approximately $2.7 million.
The offering consisted of 13,581,000 units priced at $0.20 per unit. Each unit includes one common share and one-half share purchase warrant. Each full warrant entitles the holder to acquire one share at a price of $0.30 until June 29, 2023.
Canterra paid finder’s fees totalling $162,972 and issued an aggregate of 407,430 finder’s warrants to an arm’s-length party. Each finder’s warrant entitles the holder to acquire one share at a price of $0.20 until June 29, 2023.
Issued shares and warrants are subject to a statutory hold period expiring on October 30, 2021.
Proceeds will be used for general exploration and working capital and corporate purposes.
Mr. Eric Sprott acquired 13,181,000 units for a total investment of $2,636,200. The shares and warrants were acquired by Mr. Sprott for investment purposes. Mr. Sprott may acquire or sell securities of the company in the future.
Canterra Minerals is an exploration-stage company engaged in the acquisition, exploration, and evaluation of mineral properties.
Canterra Minerals Corporation (CTM) is down 12.64 per cent, trading at C$0.38 per share at 2:30 pm ET.