- Palladium One (PDM) has increased the brokered private placement of charity flow-through units
- The company will issue up to 21,000,000 units on a charity flow-through basis for gross proceeds of up to $4,200,000
- The company’s non-brokered flow-through unit financing remains unchanged
- The financing is expected to close on or about December 20, 2022
- Palladium One is a palladium-dominant, PGE, nickel, copper exploration and development company
- Palladium One Mining Inc. (PDM) opened trading at C$0.125
Palladium One (PDM) has increased its previously announced brokered private placement of charity flow-through units.
The company will issue up to 21,000,000 units on a charity flow-through basis for gross proceeds of up to $4,200,000. Each charity FT unit will include one common share and one-half of one common share purchase warrant. Each charity FT warrant will entitle the holder to purchase one additional non-flow-through common share at an exercise price of $0.20 for a period of 36 months. The charity FT units will not be subject to any statutory hold periods.
The offering will be led by Echelon Capital Markets, along with Sprott Capital Partners LP and Research Capital Corporation. The agents will be entitled to a 6 per cent cash fee and non-transferable warrants equal to 6.0 per cent of the number of charity FT units sold.
The company’s non-brokered flow-through unit financing remains unchanged.
Gross proceeds will be used for exploration expenses on the company’s Canadian mineral exploration properties.
The financing is expected to close on or about December 20, 2022.
Palladium One is a palladium-dominant, PGE, nickel, copper exploration and development company.
Palladium One Mining Inc. (PDM) opened trading at C$0.125.