- First Tellurium (FTEL) has announced a non-brokered private placement of up to C$1.6 million
- The company will sell up to 20,000,000 units at $0.08 per unit
- It will use the proceeds for exploration programs on its properties, to pay outstanding accounts payable and for working capital
- First Tellurium, formerly Deer Horn Capital, explores for metals in British Columbia through Indigenous collaboration
- First Tellurium (FTEL) closed down by 9.09 per cent trading at $0.10 per share
First Tellurium (FTEL) has announced a non-brokered private placement of up to C$1.6 million.
It will sell up to 20,000,000 units at $0.08 per unit.
Each unit consists of one common share and one common share purchase warrant.
Each warrant is exercisable into one common share valued at $0.12 for a period of two years following the close of the offering.
The company will use the proceeds for exploration programs on its properties, to pay outstanding accounts payable and for working capital.
Concurrently, it has also granted 850,000 incentive stock options to directors, officers and consultants. The options are exercisable at $0.11 per share expiring on October 4, 2031.
First Tellurium, formerly Deer Horn Capital, explores for metals in British Columbia through Indigenous collaboration on industrial, social and environmental ventures.
First Tellurium (FTEL) closed down by 9.09 per cent trading at $0.10 per share.