- Search Minerals (SMY) is conducting a non-brokered private placement for gross proceeds of up to $5,000,000
- The company will issue up to 20,000,000 flow-through common shares at a price of $0.25 per share
- Proceeds will be allocated to the continued development of the company’s projects in the Critical Rare Earth Element District of South East Labrador
- Search Minerals is a mineral exploration company focused on developing critical rare earths elements
- Search Minerals Inc. (SMY) ended the week trading at C$0.18 per share
Search Minerals (SMY) is conducting a non-brokered private placement for gross proceeds of up to $5,000,000.
The company will issue up to 20,000,000 flow-through common shares at a price of $0.25 per share.
Proceeds will be allocated to the company’s projects, including the Deep Fox Project, in the Critical Rare Earth Element District of South East Labrador.
The offering is expected to close before December 31, 2021.
All securities issued will be subject to a four-month hold period under applicable securities legislation.
Search Minerals is focused on developing critical rare earths elements, Zirconium (Zr) and Hafnium (Hf) within the emerging Port Hope Simpson – St. Lewis CREE District of South East Labrador.
Search Minerals Inc. (SMY) ended the week trading at C$0.18 per share.