Canadian Critical Minerals Closes $222,000 Financing
Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) has successfully closed a $222,000 financing through the issuance of 3,700,000 Flow-Through Units at $0.06 per unit. Each unit includes one common share and half a warrant, exercisable at $0.09 for two years. The company paid $10,500 in finders' fees and issued 175,000 broker warrants. These warrants allow holders to acquire common shares at $0.06 for 24 months.
The proceeds are earmarked for exploration and development activities at the Bull River Mine project near Cranbrook, B.C. All securities issued are subject to a four-month and one-day statutory hold period from the date of issuance.
Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ha chiuso con successo un finanziamento di $222.000 attraverso l'emissione di 3.700.000 Flow-Through Units a $0,06 per unità. Ogni unità include una azione comune e mezzo warrant, esercitabile a $0,09 per due anni. L'azienda ha pagato $10.500 in commissioni per i reperitori e ha emesso 175.000 warrant per i broker. Questi warrant consentono ai detentori di acquisire azioni comuni a $0,06 per 24 mesi.
I proventi sono destinati a attività di esplorazione e sviluppo del progetto Bull River Mine vicino a Cranbrook, B.C. Tutti i titoli emessi sono soggetti a un periodo di blocco legale di quattro mesi e un giorno dalla data di emissione.
Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ha cerrado exitosamente una financiación de $222,000 mediante la emisión de 3,700,000 Flow-Through Units a $0.06 por unidad. Cada unidad incluye una acción común y medio warrant, ejercitable a $0.09 durante dos años. La empresa pagó $10,500 en comisiones por intermediación y emitió 175,000 warrants para brokers. Estos warrants permiten a los tenedores adquirir acciones comunes a $0.06 durante 24 meses.
Los fondos están destinados a actividades de exploración y desarrollo del proyecto Bull River Mine cerca de Cranbrook, B.C. Todos los valores emitidos están sujetos a un período de retención legal de cuatro meses y un día desde la fecha de emisión.
캐나다 크리티컬 미네랄스 Inc. (TSXV: CCMI) (OTCQB: RIINF)는 3,700,000개의 Flow-Through Units를 주당 $0.06에 발행하여 총 $222,000의 자금을 성공적으로 조달했습니다. 각 유닛은 하나의 보통주와 반 개의 워런트를 포함하고 있으며, 이는 2년 동안 $0.09에 행사할 수 있습니다. 회사는 $10,500의 중개 수수료를 지급하고 175,000개의 중개 워런트를 발행했습니다. 이 워런트는 보유자가 24개월 동안 $0.06에 보통주를 취득할 수 있게 해줍니다.
이 자금은 브룰 리버 광산 프로젝트의 탐사 및 개발 활동에 사용될 예정입니다 크랜브룩 근처에 위치하고 있습니다. 발행된 모든 증권은 발행일로부터 4개월 1일의 법적 보유 기간이 적용됩니다.
Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) a réussi à clore un financement de 222 000 $ par l'émission de 3 700 000 Flow-Through Units à 0,06 $ par unité. Chaque unité comprend une action ordinaire et une demi-option d'achat, exerçable à 0,09 $ pour une durée de deux ans. La société a payé 10 500 $ en frais de recherche et a émis 175 000 options pour les courtiers. Ces options permettent aux titulaires d'acquérir des actions ordinaires à 0,06 $ pendant 24 mois.
Les produits sont destinés à des activités d'exploration et de développement du projet Bull River Mine près de Cranbrook, en Colombie-Britannique. Tous les titres émis sont soumis à une période de blocage légale de quatre mois et un jour à compter de la date d'émission.
Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) hat erfolgreich eine Finanzierung in Höhe von $222.000 abgeschlossen, indem 3.700.000 Flow-Through Units zu einem Preis von $0,06 pro Einheit ausgegeben wurden. Jede Einheit beinhaltet eine Stammaktie und einen halben Warrant, der für zwei Jahre zu einem Preis von $0,09 ausgeübt werden kann. Das Unternehmen zahlte $10.500 in Findergebühren und gab 175.000 Broker-Warrants aus. Diese Warrants ermöglichen es den Inhabern, innerhalb von 24 Monaten Stammaktien zu einem Preis von $0,06 zu erwerben.
Die Erlöse sind für Erkundungs- und Entwicklungsaktivitäten des Bull River Mine Projekts in der Nähe von Cranbrook, B.C. vorgesehen. Alle ausgegebenen Wertpapiere unterliegen einer gesetzlichen Haltedauer von vier Monaten und einem Tag ab dem Datum der Ausgabe.
- Successful completion of $222,000 financing
- Funds allocated for exploration and development of Bull River Mine project
- Potential dilution of existing shareholders due to new share issuance
- $10,500 in finders' fees and 175,000 broker warrants issued, increasing costs
Calgary, Alberta--(Newsfile Corp. - July 25, 2024) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") has closed a financing for proceeds of
All securities issued are subject to a statutory hold period that expires four months and one day from issuance.
In connection with the financing, the Company paid finders cash commissions totalling
Proceeds from the financing will be used for exploration and development activities at the Bull River Mine project near Cranbrook, B.C.
About Canadian Critical Minerals Inc.
CCMI is a mining company primarily focused on two near-term copper production assets in Canada. CCMI's main asset is the
Contact Information
Canadian Critical Minerals Inc.
Ian Berzins
President & Chief Executive Officer
M: +1-403-512-8202
E: iberzins@canadiancriticalmineralsinc.com
Website: www.canadiancriticalmineralsinc.com
Caution Regarding Forward-Looking Information
This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.
Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. 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 law.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this new release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/217781
FAQ
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