- StrategX Elements Corp. (STGX) has closed the first tranche of its non-brokered private placement
- The company issued 803,166 flow-through shares for $0.30 per FT share for gross proceeds of $240,950
- It also issued 1,901,000 non-flow-through share units for $0.25 per NFT unit for gross proceeds of $475,250
- StrategX is a new Canadian-based exploration company on a mission to be a significant contributor to the natural resources sector and sustainable energy economy
- StrategX Elements Corp. opened trading at $0.285 per share
StrategX Elements Corp. (STGX) has closed the first tranche of its non-brokered private placement.
The non-brokered private placement had two parts: flow-through shares and non-flow-through share units.
The company issued 803,166 flow-through shares for $0.30 per FT share for gross proceeds of $240,950.
It also issued 1,901,000 non-flow-through share units for $0.25 per NFT unit for gross proceeds of $475,250.
In relation to the NFT units, the company issued 950,500 common share purchase warrants, each entitling the holder to purchase a non-flow-through common share of the company for $0.40 per share until October 25, 2025.
The company paid finder’s fees of $30,015 with this closing.
All securities issued at closing are subject to a hold period expiring February 26, 2023, in accordance with applicable securities laws and the policies of the CSE.
StrategX is a new Canadian-based exploration company on a mission to be a significant contributor to the natural resources sector and sustainable energy economy.
StrategX Elements Corp. opened trading at $0.285 per share.