- Mink Ventures Corporation (MINK.P) received conditional approval from the TSX Venture Exchange for its qualifying transaction with Voltage Metals Corp. (VOLT)
- Regarding the qualifying transaction, the company recently announced a non-brokered private placement
- The offering will consist of both hard dollar subscription receipts at a price of $0.14 per HD subscription receipt and flow-through subscription receipts at a price of $0.17 per FT subscription receipt
- Mink will offer a minimum of 2,821,428 HD subscription receipts and a maximum of 4,285,714 HD subscription receipts for gross proceeds of up to $600,000
- Mink Ventures Corporation is a capital pool company
- Mink Ventures Corporation opened trading at $0.08 per share
Mink Ventures Corporation (MINK.P) has announced that the TSX Venture Exchange has conditionally approved its qualifying transaction with Voltage Metals Corp. (VOLT).
Regarding the qualifying transaction, the company recently announced a non-brokered private placement.
Final approval of the qualifying transaction is subject to the company meeting conditions required by the TSXV.
The offering will consist of both hard dollar subscription receipts at a price of $0.14 per HD subscription receipt and flow-through subscription receipts at a price of $0.17 per FT subscription receipt.
Mink will offer a minimum of 2,821,428 HD subscription receipts and a maximum of 4,285,714 HD subscription receipts for gross proceeds of up to $600,000.
Each HD subscription receipt shall entitle the holder to receive one unit of the company.
Each unit will consist of one common share and one common share purchase warrant of the company.
Each warrant shall entitle the holder to acquire one common share of the company for a period of thirty-six months from the date of issuance at an exercise price of $0.20 for the first eighteen months and an exercise price of $0.25 for the remaining eighteen months.
Mink will also offer a minimum of 2,823,529 FT subscription receipts and a maximum of 3,529,411 FT subscription receipts for gross proceeds of up to $600,000.
When the qualifying transaction is completed, the net proceeds of the offering are anticipated to be used to fund the phase one work program on the Montcalm Ni-Cu-Co project and for general and administrative operating expenses.
Mink Ventures Corporation is a capital pool company that has acquired an option to earn an 80 per cent interest in the Montcalm Ni-Cu-Co project as its qualifying transaction property.
Mink Ventures Corporation opened trading at $0.08 per share.
