- Prismo Metals (PRIZ) has announced a fully-allocated private placement for total gross proceeds of up to $3,016,000
- The private placement will be for up to 5,800,000 units at a price of $0.52 per unit
- The net proceeds will be used for general working capital purposes
- Prismo is a junior mining company focused on precious metal exploration in Mexico
- Prismo Metals Inc. was down 4.69 per cent, trading at $0.61 at 09:45 ET
Prismo Metals (PRIZ) has announced a private placement for gross proceeds of up to $3,016,000.
The private placement will be for up to 5,800,000 units at a price of $0.52 per unit.
Each unit shall consist of one common share in the capital of the company and one-half of a common share purchase warrant of the company.
Each whole warrant shall entitle the holder thereof to acquire one additional common share at a price of $0.75 for a period of three years from the closing date of the offering.
PI Financial Corp. will act as lead agent on behalf of a syndicate of agents in connection with the private placement.
The net proceeds from the issuance of the units will be used for general working capital purposes.
The units offered will not be subject to resale restrictions under applicable Canadian securities laws.
The net proceeds will be used for further exploration work on the company’s projects and general working capital purposes.
The offering is expected to close on or about December 12, 2022, subject to the receipt of all necessary regulatory and other approvals.
Prismo is a junior mining company focused on precious metal exploration in Mexico.
Prismo Metals Inc. was down 4.69 per cent, trading at $0.61 at 09:45 ET.