EuroPacific Non-Brokered Private Placement
EuroPacific Metals has announced a non-brokered private placement to raise up to $250,000 through the issuance of 6.25 million units at $0.04 per unit. Each unit comprises one common share and one transferable share purchase warrant. The warrant allows the holder to acquire an additional share at $0.05 for two years. This move aims to bolster the company's capital and support ongoing projects.
- Potential to raise up to $250,000, enhancing the company's capital.
- Issuance of 6.25 million units indicates strong investor interest.
- Dilution risk for existing shareholders with the issuance of 6.25 million new shares.
- Low unit price of $0.04 might reflect undervaluation of the company.
VANCOUVER, BC / ACCESSWIRE / June 20, 2024 / Europacific Metals Inc. (TSXV:EUP)(OTCQB:AUCCF) (the "Company" or "EuroPacific") announces that it has a arranged a non-brokered private placement of up to 6,250,000 units (the "Units") at
Each Unit consists of one common share of the Company and one transferrable share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to acquire an additional common share of the Company (a "Warrant Share") at an exercise price of
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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