- StrategX Elements Corp. (STGX) has announced a non-brokered private placement to raise gross proceeds of up to $1,500,000
- The offering will consist of a combination of flow-through common shares at $0.35 per FT share, and non-flow-through units at $0.30 per NFT unit
- The gross proceeds will be used for its projects in Nunavut and Northwest Territories and for general working capital
- StrategX is a Canadian-based exploration company on a mission to be a contributor to the natural resources sector and sustainable energy economy
- StrategX Elements Corp. was unchanged at $0.30 as at 09:31 ET
StrategX Elements Corp. (STGX) has announced a non-brokered private placement for gross proceeds of up to $1,500,000.
The offering will consist of a combination of flow-through common shares at $0.35 per FT share, and non-flow-through units at $0.30 per NFT unit.
Each NFT unit will consist of one non-flow-through common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one non-flow-through common share of the company for $0.45 per share for a period of three years.
The exact number of FT shares and NFT units sold will be determined at closing.
The units and FT shares will be subject to a four-month-and-one-day hold period under securities laws in Canada.
The gross proceeds received from the sale of the FT shares will be used to incur Canadian exploration expenses on its projects in Nunavut and Northwest Territories before December 31, 2023.
The net proceeds received from the sale of the NFT Units will be used for general working capital.
StrategX is a Canadian-based exploration company on a mission to be a significant contributor to the natural resources sector and sustainable energy economy.
StrategX Elements Corp. was unchanged at $0.30 as at 09:31 ET.