- Keon Capital (KEON.H) has announced a private placement for gross proceeds of up to C$500,000
- It will use the proceeds to settle debt and fund its working capital requirements
- The company also intends to issue 951,576 common shares priced at $0.25 to settle debts of $237,874, including amounts owing to Keon insiders
- On closing, John Watson will resign from Keon’s board and be replaced by John McCleery, a 40-year veteran in the junior capital markets
- Keon Capital, formerly Prospero Silver, is a Canada-based company engaged in the acquisition, exploration and development of mineral properties
- Keon Capital (KEON.H) is unchanged trading at $0.325 per share
Keon Capital (KEON.H) has announced a private placement for gross proceeds of up to C$500,000.
The company will issue up to 2M common shares on an arm’s length basis priced at $0.25.
It will use the proceeds to repay approximately $148,268 of loans and trade payables, with the balance going toward general working capital.
The company also proposes to issue 951,576 common shares priced at $0.25 to settle debts of $237,874, including certain amounts owing to Keon insiders.
Upon closing, John Watson will resign from Keon’s board with John McCleery set to fill the vacancy.
McCleery has been involved in the junior capital markets for over 40 years, primarily in the resource sector. He has served as a director of several reporting issuers.
Keon Capital, formerly Prospero Silver, is a Canada-based company engaged in the acquisition, exploration and development of mineral properties.
Keon Capital (KEON.H) is unchanged trading at $0.325 per share as of 12:07 pm EST.
