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First Tellurium (CSE:FTEL) announces non-brokered private placement

Mining, The Market Online Deal Room
CSE:FTEL
20 December 2021 08:45 (EST)

Source: First Tellurium Corp.

First Tellurium (FTEL) has announced a non-brokered private placement to raise up to $175,000.

The company will issue up to 500,000 units at a price of $0.35/unit. Each unit consists of one common share and one common share purchase warrant exercisable at $0.45 per warrant share for a period of two years.

Proceeds from this offering will be used for exploration programs on the Company’s Deer Horn property.

First Tellurium explores for metals in British Columbia through Indigenous collaboration on industrial, social and environmental ventures.

First Tellurium (FTEL) opened trading at C$0.265 per share.

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