EuroPacific Closes Final Tranche of Oversubscribed Private Placement for Total Gross Proceeds of $323,000
EuroPacific Metals Inc. (TSXV:EUP)(OTCQB:AUCCF) has closed the final tranche of its oversubscribed private placement, raising total gross proceeds of $323,000. The company issued 8,075,000 units at $0.04 per unit, with each unit comprising one common share and one transferrable share purchase warrant. The warrants are exercisable at $0.05 per share for two years. Company insiders participated in the second tranche, subscribing for 1,062,500 units. The proceeds will be used to advance the company's drill program at Miguel Vacas, Portugal. The private placement is subject to final acceptance by the TSX Venture Exchange.
EuroPacific Metals Inc. (TSXV:EUP)(OTCQB:AUCCF) ha chiuso l'ultima tranche del suo collocamento privato sovrascritto, raccogliendo un totale di $323.000. L'azienda ha emesso 8.075.000 unità a $0,04 per unità, con ogni unità composta da un'azione ordinaria e un warrant trasferibile per l'acquisto di azioni. I warrant sono esercitabili a $0,05 per azione per due anni. Gli insider dell'azienda hanno partecipato alla seconda tranche, sottoscrivendo 1.062.500 unità. I proventi saranno utilizzati per avanzare il programma di perforazione a Miguel Vacas, Portogallo. Il collocamento privato è soggetto all'accettazione finale da parte del TSX Venture Exchange.
EuroPacific Metals Inc. (TSXV:EUP)(OTCQB:AUCCF) ha cerrado la última tranche de su colocación privada sobreevendida, recaudando un total de $323,000. La empresa emitió 8,075,000 unidades a $0.04 por unidad, donde cada unidad consiste en una acción ordinaria y un warrant transferible para la compra de acciones. Los warrants son ejercitables a $0.05 por acción durante dos años. Los insiders de la empresa participaron en la segunda tranche, suscribiendo 1,062,500 unidades. Los ingresos se utilizarán para avanzar en el programa de perforación en Miguel Vacas, Portugal. La colocación privada está sujeta a la aceptación final por parte del TSX Venture Exchange.
EuroPacific Metals Inc. (TSXV:EUP)(OTCQB:AUCCF)는 초과 구독된 사모 배정을 최종 마감했습니다, 총 $323,000의 수익을 올렸습니다. 회사는 각 단위가 하나의 보통주와 하나의 양도 가능 주식 매수권을 포함하는 8,075,000 단위를 단가 $0.04에 발행했습니다. 매수권은 주당 $0.05에 2년 동안 행사 가능합니다. 회사의 내부자들이 참여했습니다 두 번째 트랜치에서 1,062,500 단위를 구독했습니다. 수익금은 포르투갈 미구엘 바카스에서의 시추 프로그램을 진행하는 데 사용됩니다. 사모 배정은 TSX Venture Exchange의 최종 승인을 받아야 합니다.
EuroPacific Metals Inc. (TSXV:EUP)(OTCQB:AUCCF) a clôturé la dernière tranche de son placement privé sursouscrit, levant un total de $323.000. La société a émis 8.075.000 unités à 0,04 $ par unité, chaque unité comprenant une action ordinaire et un bon de souscription d'actions transférable. Les bons de souscription peuvent être exercés à 0,05 $ par action pendant deux ans. Les initiés de l'entreprise ont participé à la deuxième tranche, souscrivant 1.062.500 unités. Les fonds seront utilisés pour faire avancer le programme de forage à Miguel Vacas, au Portugal. Le placement privé est soumis à l'acceptation finale de la TSX Venture Exchange.
EuroPacific Metals Inc. (TSXV:EUP)(OTCQB:AUCCF) hat die letzte Tranche seiner überzeichneten Privatplatzierung abgeschlossen und insgesamt $323.000 an Bruttoeinnahmen erzielt. Das Unternehmen hat 8.075.000 Einheiten zu je $0,04 pro Einheit ausgegeben, wobei jede Einheit aus einer Stammaktie und einem übertragbaren Aktienoptionsschein besteht. Die Optionen sind für $0,05 pro Aktie innerhalb von zwei Jahren ausübbar. Unternehmensinsider haben teilgenommen an der zweiten Tranche mit einer Zeichnung von 1.062.500 Einheiten. Die Einnahmen werden verwendet, um das Bohrprogramm in Miguel Vacas, Portugal, voranzutreiben. Die Privatplatzierung steht unter dem Vorbehalt der endgültigen Genehmigung durch die TSX Venture Exchange.
- Oversubscribed private placement raised $323,000 in total gross proceeds
- Insider participation demonstrates confidence in the company's long-term potential
- Proceeds will be used to advance the drill program at Miguel Vacas, Portugal
- Potential dilution for existing shareholders due to the issuance of new shares and warrants
VANCOUVER, BC / ACCESSWIRE / September 4, 2024 / Europacific Metals Inc. (TSXV:EUP)(OTCQB:AUCCF) (the "Company" or "EuroPacific") announces that it has closed the second and final (the "Second Tranche") of its previously announced non-brokered private placement (the "Private Placement") by issuing 2,762,500 units (the "Units") at
Pursuant to the Private Placement, the Company issued an aggregate 8,075,000 Units at
Karim Rayani, CEO and a director of the Company, and Deepak Malhotra, a director of the Company (together, the "Insiders"), subscribed in the Second Tranche for an aggregate 1,062,500 Units, which constitutes related party transactions pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). There has not been a material change in the percentage of the outstanding securities of the Company that are owned by the Insiders as a result of their participation in the Second Tranche. The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the participation of the Insiders in the Second Tranche in reliance of the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the fair market value of the insider participation does not exceed
The proceeds from the Private Placement will be used for further advancement of the Company's drill program at Miguel Vacas, Portugal. None of the proceeds from the Private Placement will be used for payments to non-arm's length parties or persons conducting investor relations activities.
All securities issued pursuant to the Private Placement will be subject to a statutory hold period in accordance with applicable Canadian securities laws. The Private Placement is subject to final acceptance of the TSX Venture Exchange.
About Europacific Metals Inc.
EuroPacific Metals Inc. is a Canadian public company listed on TSXV and in US on OTCQB. The Company holds brownfield gold, and copper-gold projects located in Portugal. The Company is focused on exploration in highly prospective geological settings in Europe jurisdictions. EuroPacific Metals ("EUP") owns a total of
On behalf of the Board of Directors
Europacific Metals Inc.
Mr. Karim Rayani, Chief Executive Officer
11th Floor - 1111 Melville Street
Vancouver, BC V6E 3V6
E: k@r7.capital
www.europacific.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.
SOURCE: Europacific Metals Inc.
View the original press release on accesswire.com
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