- Prospector Metals Corp. (PPP) has announced a non-brokered private placement for gross proceeds of up to $1 million
- The offering includes Ontario charity flow-through and Ontario flow-through units
- Prospector intends to use the gross proceeds for a drilling program at the company’s Whitton Ni-Cu Project in Ontario
- Prospector Metals is a Canada-based exploration company engaged in the exploration and development of mineral properties
- Prospector Metals Corp (PPP) opened trading at C$0.195
Prospector Metals Corp. (PPP) announced a non-brokered private placement for gross proceeds of up to $1 million.
The offering includes Ontario charity flow-through units offered at a price of $0.28 per Charity FT unit and Ontario flow-through units priced at $0.21 per ON FT unit.
Each Charity FT unit and ON FT unit will consist of one flow-through common share and one-half of one non-flow-through common share purchase warrant. Each warrant will be exercisable for one common share for a period of two years.
Prospector intends to use the gross proceeds for a diamond drilling program at the company’s Whitton Ni-Cu Project in Ontario and to advance the company’s portfolio of nickel and gold projects.
The offering is expected to close on or about March 14, 2023, and is subject to the receipt of all necessary approvals, including the conditional listing approval of the TSX Venture Exchange.
The securities issued will be subject to a statutory four-month hold period.
About Prospector Metals Corp.
Prospector Metals is a Canada-based exploration company engaged in the exploration and development of mineral properties. The company’s projects include La Purisima, Gaffney, Perk-Rocky, Iron Point, Campbell, and Toogood.
Prospector Metals Corp (PPP) opened trading at C$0.195.