- Green Shift Commodities (GCOM) has announced a non-brokered private placement for minimum gross proceeds of $1,500,000
- Each unit, priced at C$0.15, will consist of one common share and one share purchase warrant
- Net proceeds will be used primarily to advance the company’s battery commodity and uranium portfolio projects
- Green Shift Commodities, formerly U3O8 Corp., is focused on the exploration and development of commodities conducive toward decarbonization and net-zero goals
- Green Shift Commodities Ltd. (GCOM) opened trading at C$0.175
Green Shift Commodities (GCOM) has announced a non-brokered private placement for minimum gross proceeds of $1,500,000.
The offering is being completed pursuant to the Listed Issuer Financing Exemption. The securities issued in the offering will not be subject to a hold period.
Each unit, priced at C$0.15, will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at an exercise price of $0.25 for a period of 24 months.
Trumbull Fisher, CEO and Director of GCOM, commented on the capital raise.
“We have been overwhelmed by the positive recognition we have received from current and prospective shareholders on our recent district-scale lithium project acquisition in Argentina, which we expect to close in January. Today’s announcement will allow us to advance the exploration of our uranium and battery commodity assets during a time of significant demand in both sectors. Importantly, with the listed issuer financing exemption, we are very pleased to offer a wider range of investors the ability to participate in our growth early on through free trading securities.”
Eligible finders will be paid a cash fee and finders’ warrants. Each finder warrant will entitle the holder to purchase one additional common share for 24 months following the date of issuance.
Net proceeds will be used to advance the company’s battery commodity and uranium portfolio projects, working capital and general corporate purposes.
The offering is expected to close on or about December 22, 2022.
Green Shift Commodities, formerly U3O8 Corp., is focused on the exploration and development of commodities conducive toward decarbonization and net-zero goals.
Its Berlin Deposit in Colombia contains uranium, nickel, phosphate and vanadium.
Green Shift Commodities Ltd. (GCOM) opened trading at C$0.175.