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Canterra Minerals (TSXV:CTM) announces $1M private placement

Mining, The Market Online Deal Room
TSXV:CTM
10 December 2021 09:00 (EST)

Source: Canterra Minerals Corporation

Canterra Minerals (CTM) has announced a non-brokered private placement for gross proceeds of approximately $1 million.

The company will issue up to 3,333,333 flow-through common shares at a price of $0.30 per share.

The proceeds from the offering will be used for exploration expenses on the company’s mineral properties in Newfoundland.

The offering is scheduled to close on or about December 31, 2021. A cash commission may be paid to eligible finders. All securities issued will be subject to a hold period of four months and one day from the date of closing.

Canterra Minerals is engaged in the acquisition, exploration and evaluation of mineral properties in Newfoundland.

Canterra Minerals Corporation (CTM) opened trading at C$0.27 per share.

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