- Search Minerals (SMY) has announced the exercise of 15,364,015 previously issued common share purchase warrants in July for gross proceeds of $1,075,481
- Each warrant was exercisable into one common share of the company
- Proceeds will be used for general working capital purposes
- Search Minerals is a mineral exploration company
- Search Minerals Inc. (SMY) is unchanged on the day, trading at C$0.11 per share at 12:45 pm ET
Search Minerals (SMY) has announced the exercise of 15,364,015 previously issued common share purchase warrants for gross proceeds of $1,075,481.
Each warrant was exercisable into one common share of the company. A total of 654,669 unexercised warrants have now expired.
Proceeds from the warrant exercise will be used for general working capital purposes.
Search Minerals is a mineral exploration company focused on finding and developing Critical Rare Earths Elements (CREE), Zirconium (Zr) and Hafnium (Hf) resources within the emerging Port Hope Simpson – St. Lewis CREE District of South East Labrador.
Search Minerals Inc. (SMY) is unchanged on the day, trading at C$0.11 per share at 12:45 pm ET.