- Green Shift (GCOM) has increased its non-brokered private placement for total gross proceeds of approximately $2,500,000
- The company will issue units priced at $0.15 per unit
- Each unit will consist of one common share and one common share purchase warrant
- Green Shift focuses on the exploration and development of commodities needed to help decarbonize and meet net-zero goals
- Green Shift Commodities Ltd. (GCOM) opened trading at C$0.14 per share
Green Shift (GCOM) has increased its previously announced non-brokered private placement for total gross proceeds of approximately $2,500,000.
The company will issue units priced at $0.15 per unit. Each unit will consist of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at $0.25 for 24 months following the date of issuance.
Green Shift expects to pay finder’s fees of up to 7 per cent in cash and 7 per cent in finder’s warrants. Each finder warrant entitles the holder to purchase one common share at $0.15 for 24 months following the date of issuance.
The company will use the net proceeds to advance its battery commodity and uranium portfolio projects, working capital and general corporate purposes.
The offering is expected to close on or about December 22, 2022.
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.
Green Shift focuses on the exploration and development of commodities needed to help decarbonize and meet net-zero goals.
Green Shift Commodities Ltd. (GCOM) opened trading at C$0.14 per share.
