- CAVU Energy Metals Corp. (CAVU) has closed the first tranche of a non-brokered private placement
- In addition, the company has issued 1,696,666 flow-through units at a price of $0.30 per FT unit for gross proceeds of $508,999
- Each FT unit consists of one common share, issued on a flow-through basis
- The company will use the gross proceeds from the private placement for Canadian Exploration Expenses
- CAVU Energy Metals Corp. is a mining company engaged in the acquisition, exploration and development of mineral projects
- CAVU Energy Metals Corp. (CAVU) was unchanged at $0.225 at 09:33 ET
CAVU Energy Metals Corp. (CAVU) has closed the first tranche of its non-brokered private placement.
The company has also issued 1,696,666 flow-through units at a price of $0.30 per FT unit for gross proceeds of $508,999.
Each FT unit consists of one common share, issued on a flow-through basis in accordance with the Income Tax Act (Canada), and one half of one common share purchase warrant.
Each warrant will be exercisable at $0.50 per share for a period of two years. All securities issued will be subject to a four-month hold period.
CAVU Energy Metals Corp. is a mining company engaged in the acquisition, exploration and development of mineral projects containing metals used in green technologies and the renewable energy sector.
CAVU Energy Metals Corp. (CAVU) was unchanged at $0.225 at 09:33 ET.