- Prospector Metals (PPP) has closed non-brokered private placements for gross proceeds of $3,461,771.89
- The company issued 3,623,500 non-flow-through units, 1,187,567 National flow-through shares, 213,497 Ontario flow-through shares and 363,334 Quebec flow-through shares
- Proceeds raised will be used to fund exploration expenses on the company’s portfolio of Canadian exploration projects
- Prospector Metals is a Canada-based exploration company
- Prospector Metals Corp. (PPP) opened trading at C$0.55 per share
Prospector Metals (PPP) has closed its non-brokered private placements for gross proceeds of $3,461,771.89.
The company issued 3,623,500 non-flow-through units at a price of $0.60 per unit. Each unit consists of one common share and one half of one common share purchase warrant. Each whole warrant is exercisable for one common share at an exercise price of $0.90 for a period of two years.
The warrants are subject to an acceleration clause.
The company also issued 1,187,567 National flow-through shares priced at $0.72, 213,497 Ontario flow-through shares priced at $0.75, and 363,334 Quebec flow-through shares priced at $0.75.
Proceeds raised will be used to fund exploration expenses on the company’s portfolio of Canadian exploration projects and for general working capital purposes.
Prospector paid cash finders’ fees totalling $127,358.42 and issued 77,180 finders’ warrants.
All securities issued are subject to a statutory hold period until August 9, 2022.
Prospector Metals is a Canada-based exploration company.
Prospector Metals Corp. (PPP) opened trading at C$0.55 per share.