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Go Metals (CSE:GOCO) closes private placement of flow-through units

Market Summary, Mining
CSE:GOCO
18 November 2022 08:45 (EDT)

Source: Go Metals Corp.

Go Metals Corp. (GOCO) has closed its previously-announced non-brokered private placement for total gross proceeds of up to C$2,188,606.

The company issued 1,745,300 flow-through units at $1.254 per unit. Each FT unit consists of one flow-through common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share for a period of 24 months from the closing of the offering.

The company paid $122,511 and issued 97,696 non-transferable finder’s warrants to eligible finders.

All securities issued are subject to a statutory hold period that expires on March 18, 2023.

Go Metals Corp. is a battery metals explorer targeting Canadian projects. The company’s flagship project is a nickel-copper sulphide property 130 kilometres north of Havre-Saint Pierre, Quebec, in the Nitassinan of the Innu of Ekuanitshit.

Go Metals Corp. (GOCO) opened trading at C$0.68.


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