- Idaho Champion (ITKO) has announced a private placement for gross proceeds of up to $500,000
- The company will issue up to 3,333,333 flow-through shares at a price of $0.06 per FT share and up to 4,285,714 Québec flow-through shares at a price of $0.07 per Quebec FT share
- The gross proceeds from the issuance of the FT shares and Québec FT shares will be used for Canadian exploration expenses
- Idaho Champion is an exploration company focused on cobalt and lithium
- Idaho Champion Gold Mines Canada Inc. opened trading at $0.045 per share
Idaho Champion (ITKO) has proposed to execute a private placement of gross proceeds of up to $500,000.
The company will issue up to 3,333,333 flow-through shares at a price of $0.06 per FT share and up to 4,285,714 Québec flow-through shares at a price of $0.07 per Quebec FT share.
The gross proceeds from the FT shares and Québec FT shares will be used for Canadian exploration expenses.
In accordance with applicable Canadian securities laws, all securities issued pursuant to the private placement will be subject to a statutory hold period of four months and one day from the date of issuance.
In connection with the offering, the company will pay finder’s fees of up to 5 per cent of the gross proceeds of the offering.
Idaho Champion is a discovery-focused exploration company that is committed to advancing its highly prospective cobalt properties located in Idaho, United States and lithium properties in Quebec, Canada.
Idaho Champion Gold Mines Canada Inc. opened trading at $0.045 per share.