- Probe Metals (PRB) has upsized its non-brokered private placement for gross proceeds of up to $10.5 million
- The company will issue up to 6,000,000 units at $1.75 per unit
- Proceeds will be used to further explore and develop the company’s assets in Quebec
- Probe Metals Inc. is a Canadian gold exploration company
- Probe Metals Inc. (PRB) opened trading at C$1.80
Probe Metals (PRB) has upsized its previously announced non-brokered private placement for gross proceeds of up to $10.5 million.
The company will issue up to 6,000,000 units at $1.75 per unit, up from 5,307,071 units.
Each unit consists of one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share for $2.40 for a period of 24-months.
Proceeds will be used to further explore and develop the company’s assets in Quebec.
The offering is subject to the receipt of all regulatory approvals including the approval of the TSX Venture Exchange.
All securities issued will be subject to a four-month hold period.
Probe Metals Inc. is a Canadian gold exploration company focused on exploring and developing gold properties. The company’s key asset is the multimillion-ounce Val-d’Or East Gold Project, Québec.
Probe Metals Inc. (PRB) opened trading at C$1.80.