- Forty Pillars (PLLR) has closed its private placement for gross proceeds of $1,500,000
- The company issued 15,000,000 units priced at $0.10 per unit
- Proceeds raised from the offering will be used to finance the purchase of the Wishbone project and general working capital purposes
- All securities issued under the offering will bear time-based contractual restrictions
- Forty Pillars Mining is a Canadian-based mineral exploration company
- Forty Pillars Mining Corp. (PLLR) opened trading at C$0.14 per share
Forty Pillars (PLLR) has closed its private placement for gross proceeds of $1,500,000.
The company issued 15,000,000 units priced at $0.10 per unit. Each unit includes one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional share at a price of $0.12 for a 36-month period after the closing date.
Proceeds raised from the offering will be used to finance the purchase of the Wishbone project and general working capital purposes.
In addition to the usual securities law hold period of four months, all securities issued under the offering will bear time-based contractual restrictions on transfer and become free trading in six months, 12 months, 18 months and 24 months accordingly.
Forty Pillars Mining is a Canadian-based mineral exploration company focused on exploring the Silver Dollar Project located in the Greenwood Mining Division, B.C.
Forty Pillars Mining Corp. (PLLR) opened trading at C$0.14 per share.