- First Tellurium Corp. (FTEL) has announced a non-brokered private placement to raise gross proceeds of up to $2,100,000
- The company will issue up to 10,000,000 flow-through shares and up to 7,000,000 units
- Proceeds will be used for exploration expenditures on its Deerhorn and Colorado Klondike properties and unallocated working capital
- First Tellurium Corp. is a Canadian exploration company
- First Tellurium Corp. (FTEL) opened trading at C$0.105
First Tellurium Corp. (FTEL) has announced a non-brokered private placement to raise gross proceeds of up to $2,100,000.
The company will issue up to 10,000,000 flow-through shares and up to 7,000,000 units. Each unit will consist of one non-flow-through common share and one common share purchase warrant exercisable for a period of two years following the close of the offering.
The company may pay a finder’s fee consisting of cash, shares and/or warrants to eligible finders.
Proceeds will be used for exploration expenditures on its Deerhorn and Colorado Klondike properties and unallocated working capital.
First Tellurium Corp. is a Canadian exploration company engaged in developing a tellurium-silver-gold mine at the Deer Horn Property in British Columbia, as well as other mineralized zones that contain tungsten, copper, bismuth, lead, zinc, and molybdenum.
First Tellurium Corp. (FTEL) opened trading at C$0.105.