- Cruz Battery Metals (CRUZ) has announced a private placement to raise gross proceeds of $3,500,000
- The company will issue 34,653,465 units for $0.101 per unit
- Proceeds will be used to fund continued drilling on current projects
- Cruz Battery Metals mines for lithium in Nevada as well as for cobalt, silver and diamonds in Ontario, B.C. and Idaho
- Cruz Battery Metals Corp. (CRUZ) opened trading at C$0.15
Cruz Battery Metals (CRUZ) has announced a private placement to raise gross proceeds of $3,500,000.
The company will issue 34,653,465 units for $0.101 per unit. Each unit will consist of one common share and one transferrable share purchase warrant. Each warrant will entitle the holder to acquire one additional share for $0.15 for a period of five years from the closing of the offering.
All securities issued are subject to a statutory four-month hold period.
Proceeds will be used to fund continued drilling on current projects and for general working capital.
Cruz Battery Metals mines for lithium in Nevada as well as for cobalt, silver and diamonds in Ontario, B.C. and Idaho.
Cruz Battery Metals Corp. (CRUZ) opened trading at C$0.15.