Nova Pacific Metals Announces Private Placement of Up to $2,000,000
Nova Pacific Metals has announced a non-brokered private placement to raise up to $2,000,000. This offering involves issuing up to 8,000,000 units at $0.25 per unit, each consisting of one common share and one warrant. Each warrant allows purchase of an additional share at $0.40 within two years. An acceleration clause is included, enabling Nova Pacific to shorten the exercise period if shares trade at or above $0.90 for 10 consecutive days. CEO J. Malcolm Bell noted that funds will support an infill drilling program for the Lara project, potentially leading to a prefeasibility study. Proceeds will also be used for general purposes and working capital. Securities are subject to a four-month statutory hold period. Finder's fees up to 8% and broker warrants may be issued.
Nova Pacific Metals ha annunciato un collocamento privato non mediato per raccogliere fino a $2.000.000. Questa offerta prevede l'emissione di fino a 8.000.000 di unità a $0,25 per unità, ciascuna composta da una azione ordinaria e un warrant. Ogni warrant consente l'acquisto di un'azione aggiuntiva a $0,40 entro due anni. È inclusa una clausola di accelerazione, che permette a Nova Pacific di ridurre il periodo di esercizio se le azioni vengono scambiate a $0,90 o più per 10 giorni consecutivi. Il CEO J. Malcolm Bell ha osservato che i fondi supporteranno un programma di perforazione di riempimento per il progetto Lara, potenzialmente portando a uno studio di prefattibilità. I proventi saranno anche utilizzati per scopi generali e per il capitale circolante. I titoli sono soggetti a un periodo di blocco statutario di quattro mesi. Potrebbero essere emessi compensi per i trovatori fino all'8% e warrant per i broker.
Nova Pacific Metals ha anunciado una colocación privada no mediada para recaudar hasta $2,000,000. Esta oferta implica la emisión de hasta 8,000,000 de unidades a $0.25 por unidad, cada una compuesta por una acción ordinaria y un warrant. Cada warrant permite la compra de una acción adicional a $0.40 en un plazo de dos años. Se incluye una cláusula de aceleración, que permite a Nova Pacific acortar el período de ejercicio si las acciones se comercian a $0.90 o más durante 10 días consecutivos. El CEO J. Malcolm Bell indicó que los fondos apoyarán un programa de perforación para el proyecto Lara, lo que podría conducir a un estudio de prefactibilidad. Los ingresos también se utilizarán para fines generales y capital de trabajo. Los valores están sujetos a un periodo de retención legal de cuatro meses. Se pueden emitir honorarios de buscador de hasta el 8% y warrants para los corredores.
노바 태평양 금속은 최대 $2,000,000를 조달하기 위한 비중개 사모펀드를 발표했습니다. 이 제안은 각각 하나의 보통주와 하나의 워런트로 구성된 8,000,000 유닛을 유닛당 $0.25로 발행하는 것을 포함합니다. 각 워런트는 두 해 이내에 $0.40에 추가 주식을 구매할 수 있도록 합니다. 주식이 10일 연속으로 $0.90 이상 거래될 경우, 노바 태평양은 행사 기간을 단축할 수 있는 가속 조항이 포함되어 있습니다. CEO J. Malcolm Bell은 자금이 라라 프로젝트를 위한 채굴 프로그램을 지원하고, 이는 잠재적으로 사전 타당성 조사로 이어질 수 있다고 언급했습니다. 수익금은 일반적인 목적과 운전 자본에도 사용될 것입니다. 증권은 4개월의 법정 보유 기간이 적용됩니다. 중개인 수수료는 최대 8%까지 지급될 수 있으며, 중개인 워런트가 발행될 수 있습니다.
Nova Pacific Metals a annoncé un placement privé non intermédié pour lever jusqu'à 2 000 000 $. Cette offre comprend l'émission de jusqu'à 8 000 000 d'unités à 0,25 $ par unité, chacune consistant en une action ordinaire et un bon de souscription. Chaque bon de souscription permet d'acheter une action supplémentaire à 0,40 $ dans les deux ans. Une clause d'accélération est incluse, permettant à Nova Pacific de raccourcir la période d'exercice si les actions sont échangées à 0,90 $ ou plus pendant 10 jours consécutifs. Le PDG J. Malcolm Bell a noté que les fonds soutiendront un programme de forage pour le projet Lara, ce qui pourrait conduire à une étude de préfaisabilité. Les produits seront également utilisés à des fins générales et pour le fonds de roulement. Les titres sont soumis à une période de blocage statutaire de quatre mois. Des frais de recherche allant jusqu'à 8 % et des bons de souscription pour les courtiers peuvent être émis.
Nova Pacific Metals hat eine nicht vermittelte Privatplatzierung angekündigt, um bis zu 2.000.000 $ zu beschaffen. Dieses Angebot umfasst die Begebung von bis zu 8.000.000 Einheiten zu je 0,25 $, wobei jede Einheit aus einer Stammaktie und einem Warrant besteht. Jeder Warrant erlaubt den Kauf einer zusätzlichen Aktie zu 0,40 $ innerhalb von zwei Jahren. Eine Beschleunigungsklausel ist enthalten, die es Nova Pacific ermöglicht, die Ausübungsfrist zu verkürzen, wenn die Aktien 10 aufeinanderfolgende Tage lang bei 0,90 $ oder mehr gehandelt werden. CEO J. Malcolm Bell wies darauf hin, dass die Mittel ein Infill-Bohrprogramm für das Lara-Projekt unterstützen werden, was möglicherweise zu einer Machbarkeitsstudie führen könnte. Die Erlöse werden auch für allgemeine Zwecke und Betriebskapital verwendet. Die Wertpapiere unterliegen einer viermonatigen gesetzlichen Haltedauer. Vermittlungsgebühren bis zu 8 % und Broker-Warrants können ausgegeben werden.
- Potential to raise up to $2,000,000 through private placement.
- Funds will support an infill drilling program, enhancing the Lara project's feasibility.
- Acceleration clause could provide quicker liquidity for warrant holders.
- Dilution risk with the issuance of up to 8,000,000 new shares.
- Potential overhang from statutory hold period of four months and one day.
Vancouver, British Columbia--(Newsfile Corp. - August 22, 2024) - Nova Pacific Metals Corp. (CSE: NVPC) (OTCQB: NVPCF) (FSE: YQ10) (WKN: A40GFH) (the "Company," or "Nova Pacific") is pleased to announce a non-brokered private placement (the "Private Placement") for gross proceeds of up to
The non-brokered Private Placement will consist of up to 8,000,000 units (the "Units") priced at
The Warrants will include an acceleration clause such that if, following the expiration of the statutory hold period applicable to the Warrants, the Shares trade at or above
Nova Pacific's CEO, Mr. J. Malcolm Bell, stated, "The recently completed NI 43-101 technical report on the Lara "Kuroko" style, massive sulfide deposit has recommended an infill drilling program sufficient to calculate a measured and inferred ore deposit capable of supporting a prefeasibility study (PFS). This financing, once completed, will contribute substantially to continued development and the production potential of this highly attractive and well-located project."
Nova Pacific intends to use the proceeds of the Private Placement for exploration, general corporate purposes and working capital. All securities issued in connection with this Private Placement are subject to a statutory hold period of four months and one day pursuant to applicable securities laws.
In connection with the Private Placement, the Company may pay finder's fees to eligible non-related parties of up to
About Nova Pacific
Nova Pacific is a Canadian exploration and development company focused on pursuing projects with a significant mineral discovery thus providing a viable pathway to potential development. The key projects owned by the Company are its recently acquired Lara VMS project located on Vancouver Island, British Columbia and its Deer Musk West Lithium project located in Clayton Valley, Nevada. The Company intends to continue its exploration and development efforts on its mineral projects with a view towards maximizing shareholder value.
We recognize the importance of partnering with Indigenous communities for projects located on traditional lands to deliver long-term mutual benefits.
For additional Information please visit: www.novapacificmetals.com
On behalf of the Board of Directors
J. Malcolm Bell
Chief Executive Officer, Director
For Further Information, please contact:
Nova Pacific Metals Corp.
Investor Inquiries
info@novapacificmetals.com
+1-416-918-6785
The Canadian Securities Exchange has not in any way passed upon the merits of the matters referenced herein and has neither approved nor disapproved the contents of this news release.
Forward-Looking Information
Certain statements contained in this news release may constitute forward‐looking information. Forward‐looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. Forward‐looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking information. The Company's actual results could differ materially from those anticipated in this forward‐looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company's strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward‐looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. Any forward‐looking information contained in this news release represents the Company's expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward‐looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220730
FAQ
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