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StrategX Elements Corp. (CSE:STGX) announces private placement

Mining, The Market Online Deal Room
CSE:STGX
01 June 2022 10:00 (EDT)

Source: StrategX Elements Corp.

StrategX Elements Corp. has announced a non-brokered private placement for proceeds up to $1,000,000.

The company will issue up to 3.3 million units for $0.30 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share for $0.45 for a period of 3 years.

Proceeds will be used for general working capital.

The company’s property portfolio includes two underexplored regions: Project 939 and EA South in Northwest Territories and Project Mel, Nagvaak and Tasijuaq located in Nunavut.

StrategX Elements Corp. is a Canada-based exploration company poised to be a significant contributor in the green energy sector and emerging low carbon economy. StrategX is focused on discovering cobalt and associated energy transition metals in northern Canada. 

StrategX Elements Corp. (STGX) opened trading at C$0.30.

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