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Prismo Metals (CSE:PRIZ) announces $2M private placement

Mining, The Market Online Deal Room
CSE:PRIZ
07 December 2021 09:30 (EDT)

Source: Prismo Metals Inc.

Prismo Metals (PRIZ) is pleased to announce a non-brokered private placement for gross proceeds of up to $2 million.

The company will issue up to 6.6 million units priced at $0.30 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of $0.45 for a period of 24 months following the closing of the offering.

The proceeds will be used to complete a 4,000-meter drilling campaign on Prismo’s Palos Verdes property, conduct exploration on its Los Pavitos property with a view of identifying drilling targets and for general working capital.

The offering is scheduled to close on or about December 22, 2021 and is subject to the approval of the CSE. 

Prismo is a junior mining company focused on precious metal exploration in Mexico.

Prismo Metals Inc. (PRIZ) opened trading at C$0.38 per share.

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