- Minnova Corp. (MCI) has announced a non-brokered private placement for aggregate gross proceeds of up to $500,000
- The company will issue up to 10,000,00 units priced at $0.05 per unit
- Net proceeds from the offering will be used to fund the development of a biomass gasification demonstration unit and other work programs
- Minnova Corp. is a Canadian gold producer focused on incorporating clean energy into the restart plan for the PL Gold Mine
- Minnova Corp. (MCI) opened trading at C$0.065
Minnova Corp. (MCI) has announced a non-brokered private placement for aggregate gross proceeds of up to $500,000.
The company will issue up to 10,000,00 units priced at $0.05 per unit. Each unit will consist of one common share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share for a period of 24 months.
Warrants are subject to an acceleration clause.
All securities issued will be subject to a four-month hold period.
Net proceeds from the offering will be used to fund the development of a biomass gasification demonstration unit and other work programs related to Minnova Renewable Energy development plans and the company’s PL Mine.
The closing of the offering is subject to the receipt of all necessary regulatory approvals.
Minnova Corp. is a Canadian gold producer focused on incorporating clean energy into the restart plan for the PL Gold Mine.
The company has established a wholly-owned subsidiary, Minnova Renewable Energy, to develop renewable energy with an initial focus on Hydrogen production and distribution in Manitoba.
Minnova Corp. (MCI) opened trading at C$0.065.