- Torr Metals Inc. (TMET) has arranged a fully-subscribed, non-brokered private placement of common shares for total proceeds of up to $1,000,000
- The company will issue up to 3,030,303 shares at a price of $0.33 per share
- The company will use the proceeds for the exploration of its Latham Copper-Gold Project
- Torr Metals is a Vancouver-based mineral exploration company
- Torr Metals Inc. (TMET) opened trading at C$0.30 per share
Torr Metals (TMET) has arranged a non-brokered private placement of common shares for total proceeds of up to $1,000,000.
The company will issue up to 3,030,303 shares at a price of $0.33 per share.
The placement is fully subscribed by Sprott Asset Management LP.
The company will use the proceeds for the exploration of its Latham Copper-Gold Project.
The Private Placement is subject to the acceptance of the TSX Venture Exchange.
Shares issued will be subject to a four-month hold period from the closing date.
Torr Metals is a Vancouver-based mineral exploration company focused on developing the Latham Copper-Gold Project, located in northern British Columbia.
Torr Metals Inc. (TMET) opened trading at C$0.30 per share.