Source: T2 Metals Corp.
  • T2 Metals (TWO) has closed a flow-through and non-flow-through private placements
  • The company issued a total of 1,269,800 units and 1,820,678 flow-through units for gross proceeds of $1,023,686
  • The proceeds will be primarily used for exploration activities at the company’s properties
  • T2 Metals Corp. is an emerging copper and precious metal company
  • T2 Metals Corp. (TWO) opened trading at $0.315

T2 Metals (TWO) has closed its previously announced flow-through and non-flow-through private placements.

The company issued a total of 1,269,800 units in the non-flow-through portion of the financing at a price of $0.29 per unit for gross proceeds of $368,242. 

As previously announced, the company issued a total of 1,820,678 units in the flow-through portion of the financing at a price of $0.36 per unit for gross proceeds of $655,444.

Mr. Saxon, President & CEO of T2 Metals, commented on the capital raise.

“We are pleased to begin the New Year demonstrating the support of existing and new shareholders with this Financing. We look forward to a busy year of discovery at a time when the mining industry has never been more critical.”

All securities issued are subject to a four-month hold period from the date of closing.

Warrants are subject to an acceleration clause.

The proceeds will be primarily used for exploration activities at the company’s properties, as well as for general working capital purposes.

T2 Metals Corp. is an emerging copper and precious metal company.

T2 Metals Corp. (TWO) opened trading at $0.315.


More From The Market Online

Metals Creek hits visible gold at Shabaqua Corners Gold Project

Metals Creek Resources (TSXV:MEK) reveals drill results for the Shabaqua Corners Gold Property in Ontario.

Why Decisive Dividend stock lets you have your cake and eat it too

Acquisition-oriented company Decisive Dividend Corp. (TSXV:DE) announces a monthly dividend of C$0.045 per common share for July 2024.

Bragg Gaming continues global expansion, teams with Kingsbet

Bragg Gaming Group (TSX:BRAG) launches its full turnkey solution with Czech land-based casino operator Kings Entertainment A.S.