Source: District Metals
  • District Metals has announced a private placement of up to 20,000,000 units to raise gross proceeds of up to C$3,000,000
  • PI Financial Corp. will act as lead agent and sole bookrunner
  • The company intends to use the net proceeds from the offering for exploration activities at its polymetallic properties in Sweden
  • District Metals Corp. is a Canada-based mineral exploration company whose main focus is the Tomtebo Property located in the Bergslagen District in Sweden
  • District Metals Corp. opened trading at $0.17

District Metals has announced a private placement of up to 20,000,000 units priced at $0.15 per unit for gross proceeds of up to C$3,000,000.

District Metals Corp. (DMX) has signed an agreement with PI Financial Corp. to act as lead agent and sole bookrunner.

Each unit shall consist of one common share and one-half of one common share purchase warrant.

Each warrant shall entitle the holder to acquire one common share at a price of $0.20 for a period of three years from the closing date of the offering.

The company intends to use the net proceeds from the offering for exploration activities at its polymetallic properties in Sweden and for working capital and general corporate purposes.

The offering is anticipated to close on or about February 9, 2023.

District Metals Corp is a Canada-based mineral exploration company that is engaged in the business of acquiring, exploring, and evaluating natural resource properties, with its main focus being the high-grade polymetallic Tomtebo Property located in the Bergslagen District in Sweden.

District Metals Corp. opened trading at $0.17.


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