- Fabled Copper (FABL) announced two concurrent non-brokered private placements of up to C$1.5 million
- Fabled added two lithium claims in Miquelon, Quebec
- Fabled entered into a letter of intent to acquire the TJ Ridge Property in British Columbia
- Fabled is a junior mining exploration company focused on the exploration and development of its existing drill-ready copper properties located in northern British Columbia
- Fabled Copper (FABL) is trading at C$0.07 at 3:45 pm EST
Fabled Copper (FABL) has two concurrent non-brokered private placements to raise gross proceeds of up to C$1.5 million.
The company is offering the sale of flow-through units for gross proceeds of up to $1,000,000.
Each flow-through unit will be comprised of one common share and one common share purchase warrant.
Each flow-through warrant entitles the holder to acquire one additional common share at C$0.15 for 24 months from the date of issuance.
The second offering consists of the sale of units for gross proceeds of up to C$500,000.
Each conventional unit shall be comprised of one common share and one common share purchase warrant.
Each conventional warrant will entitle the holder to an additional common share at C$0.12 for 24 months from the date of issuance.
Use of proceeds
Proceeds from the conventional units will be put towards the usual general working capital and expenses.
As for gross proceeds, the flow-through units will be used for “Canadian Exploration Expenses”.
Fabled Copper’s current property package consists of the Muskwa Project and the Bronson Property, consisting of around 16,219 hectares.
The company is seeking to broaden and diversify its portfolio adding two lithium claims in Miquelon, Quebec to its land package.
Additionally, it is also seeking to acquire the TJ Ridge Property in British Columbia. Fabled has entered into a letter of intent for the high-grade gold and silver property.
About Fabled Copper
Fabled is a junior mining exploration company. The company is focused on the exploration and development of its existing drill-ready copper properties located in northern British Columbia.
Fabled Copper (FABL) is trading at C$0.07 at 3:45 pm EST.
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