- Prime Meridian Resources Corp. (PMR) signed a $1 million non-brokered private placement financing agreement
- The financing will include up to 20 million units offered at $0.05 per unit
- The financing is still subject to regulatory approvals and may include a finder’s fee
- Proceeds raised from the financing will be used for project payments, exploration, and working capital expenditures
- Prime Meridian Resources Corp. (PMR) is down 16.67 per cent and is trading at $0.05 per share as of 4:03 p.m. EST
Prime Meridian Resources Corp. (PMR) has signed a non-brokered private placement financing agreement for proceeds of up to $1 million.
The financing will include up to 20 million units offered at $0.05 per unit.
Each unit consists of one common share and one common share purchase warrant of Prime Meridian Resources. A single warrant can be exercised for an additional common share of the company at an exercise price of $0.10 per share for a three-year period.
The financing is still subject to regulatory approvals and may include a finder’s fee. Proceeds raised from the financing will be used for project payments, exploration, and working capital expenditures.
Prime Meridian Resources is focused on setting up producing copper and silver projects in Mexico but owns four other projects in Ontario: The Kelly PGM, Camping Lake, Bluffy Lake, and Bruce Lake projects.
Prime Meridian Resources Corp. (PMR) is down 16.67 per cent and is trading at $0.05 per share as of 4:03 p.m. EST.