- Sokoman (SIC) has announced a non-brokered private placement of flow-through units for gross proceeds of up to $3,000,000
- Each FT unit is priced at $0.28 and consists of one common share and one-half of one common share purchase warrant
- The company expects to close the private placement on or before December 28, 2022
- Sokoman is a discovery-oriented company with projects in Newfoundland and Labrador, Canada
- Sokoman Minerals Corp. (SIC) is up 1.96 per cent, trading at C$0.26 per share at 12:30 pm ET
Sokoman (SIC) has announced a non-brokered private placement of flow-through units for gross proceeds of up to $3,000,000.
Each FT unit is priced at $0.28 and consists of one common share and one-half of one common share purchase warrant. Each warrant is exercisable for one additional common share (not qualify as a flow-through share) at $0.36 for 18 months from the date of issue.
The company will use the gross proceeds from the sale of FT units for “Canadian exploration expenses.” It intends to spend approximately 25 per cent of the gross proceeds on the Golden Hope joint venture project. The remaining balance will be for its flagship Moosehead Gold project.
Sokoman has sufficient funding to cover corporate and working capital needs for 2023, with $4.7M in the treasury.
The company expects to close the private placement on or before December 28, 2022. Sokoman may pay finders’ fees in cash for this offering.
Securities issued under this placement will be subject to a statutory four-month hold period.
Sokoman is a discovery-oriented company with projects in Newfoundland and Labrador, Canada.
Sokoman Minerals Corp. (SIC) is up 1.96 per cent, trading at C$0.26 per share at 12:30 pm ET.