- Go Metals Corp. (GOCO) has commenced a non-brokered private placement of up to 1,200,000 flow-through units
- The company is offering flow-through units at a price of C$1.254 for aggregate gross proceeds of up to $1,504,800
- It plans to use the gross proceeds to incur eligible Canadian exploration expenses
- Go Metals Corp. is a battery metals explorer
- Go Metals Corp. (GOCO) was down by 1.39 per cent trading at $0.73 per share
Go Metals (GOCO) has commenced a non-brokered private placement of up to 1,200,000 flow-through units.
The company is offering the units at a price of C$1.254 for aggregate gross proceeds of up to $1,504,800.
Each FT unit will consist of one common share issued as a “flow-through share” – within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec) – and one-half of one common share purchase warrant.
Each warrant entitles the holder to acquire one common share for $1.00 for 24 months from the closing of the offering.
The company plans to use the gross proceeds to incur eligible Canadian exploration expenses that will qualify as “flow-through mining expenditures as defined in the Income Tax Act (Canada).
The offering is subject to the receipt of all regulatory approvals including the approval of the Canadian Securities Exchange.
All securities issued under the offering will be subject to a hold period expiring four months and one day from issue.
Go Metals Corp. is a battery metals explorer targeting Canadian projects to help power a sustainable future. 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) was down by 1.39 per cent trading at $0.73 per share as of 10:15 am ET.