- Palladium One Mining Inc. (PDM) announced two new financings, brokered and non-brokered, worth a total of $4 million
- Up to 15 million charity flow-through units of the company will be issued priced at $0.20 each to raise $3 million under a brokered deal
- The non-brokered offering will issue up to 6.66 million flow-through units at a price of $0.15 per flow-through unit to raise up to $1 million
- The company also signed an agreement with Echelon Capital Markets on its own behalf and for a syndicate of agents if need be
- Palladium One Mining Inc. (PDM) is down 11.11 per cent, trading at $0.12 per share as of 11:58 a.m. EST
Environmentally focused exploration company, Palladium One Mining (PDM), has announced brokered and non-brokered offerings raising $4 million.
Up to 15 million charity flow-through units of the company will be issued priced at $0.20 each to raise $3 million under a brokered private placement. A single charity flow-through unit will include one flow-through common share and half of one common share purchase warrant, also categorized as a charity flow-through unit.
Each charity flow-through warrant will entitle the holder to purchase one non-flow-through common share at $0.20 apiece for a three-year period.
Additionally, Palladium One’s non-brokered offering will issue up to 6.66 million flow-through units at a price of $0.15 per flow-through unit to raise up to $1 million.
Each flow-through unit will consist of one flow-through common share and half of one flow-through common share purchase warrant. Each flow-through warrant will allow the holder to buy a warrant share for $0.20 per warrant share for two years after the initial share issuance.
Alongside the financings, the company has signed an agreement with Echelon Capital Markets on its own behalf and for a syndicate of agents if need be.
As compensation, the agents are entitled to a cash fee in an amount equal to 6.00 per cent of the proceeds made from the brokered financing and will be issued non-transferrable warrants valid for two years after the closing date.
Palladium One Mining Inc. (PDM) is down 11.11 per cent, trading at $0.12 per share as of 11:58 a.m. EST.