- Enerev5 (ENEV) has announced a brokered private placement of up to C$500,000
- It completed the first tranche for gross proceeds of $150,000
- The company will use the proceeds for working capital and other general corporate purposes
- Enerev5 explores and develops battery metals properties around the world
- Enerev5 (ENEV) is unchanged trading at $0.03 per share
Enerev5 (ENEV) has announced a brokered private placement of up to C$500,000.
Each unit consists of one common share and one common share purchase warrant.
Each warrant entitles the holder to acquire one common share for $0.10 for two years from the date of issue.
Enerev5 completed the first tranche through the issue and sale of 3M units priced at $0.05 per unit for gross proceeds of $150,000.
A shareholder with greater than 10 per cent ownership in Enerev5 acquired all 3M units.
The company will use the proceeds for working capital and other general corporate purposes.
IBK Capital is serving as agent.
Enerev5 explores and develops battery metals properties around the world.
Enerev5 (ENEV) is unchanged trading at $0.03 per share as of 9:32 am EST.