- Clean Air Metals (AIR) has upsized its private placement offering for gross proceeds of $12.5 million
- The company will issue 23,150,400 flow-through units and 32,250,000 non-flow-through units
- The syndicate of agents is led by Paradigm Capital Inc. and includes Beacon Securities Inc., Echelon Wealth Partners Inc., and Hannam & Partners
- The offering is expected to close on or about February 23, 2022
- Clean Air Metals is a Canadian-based platinum and palladium exploration company
- Shares of Clean Air Metals Inc. (AIR) opened trading at C$0.195
Clean Air Metals (AIR) has upsized its private placement offering for gross proceeds of $12.5 million.
The company will issue 23,150,400 flow-through units, 10,869,600 of which will be issued at a price of $0.23 and 12,280,800 of which will be issued at a price of $0.285. The company will also issue 32,250,000 non-flow-through units at a price of $0.20 per unit
Each flow-through and non-flow-through unit will consist of one common share and one share purchase warrant.
The syndicate of agents is led by Paradigm Capital Inc. and includes Beacon Securities Inc., Echelon Wealth Partners Inc., and Hannam & Partners.
The offering is expected to close on or about February 23, 2022.
Clean Air Metals is a Canadian-based platinum and palladium exploration company.
Clean Air Metals’ flagship asset is the 100 per cent owned, high-grade Thunder Bay North Project, a platinum, palladium, copper, nickel project located near the City of Thunder Bay, Ontario and the Lac des Iles Mine owned by Impala Platinum.
Shares of Clean Air Metals Inc. (AIR) opened trading at C$0.195.