Canadian Critical Minerals Closes $300,000 Flow-Through Financing
Canadian Critical Minerals (CCMI) has successfully completed a flow-through financing, raising $300,000 through the issuance of 6,000,000 flow-through shares at $0.05 per share. The company paid $21,000 in finders' commissions and issued 420,000 non-transferrable broker warrants, exercisable at $0.05 per share for 24 months. The funds will be allocated to exploration and development activities at the Bull River Mine project near Cranbrook, B.C. All issued securities are subject to a four-month and one-day statutory hold period.
Canadian Critical Minerals (CCMI) ha completato con successo un finanziamento tramite emissioni azionarie, raccogliendo $300.000 attraverso l'emissione di 6.000.000 di azioni flusso a $0,05 ciascuna. L'azienda ha pagato $21.000 in commissioni per intermediari e ha emesso 420.000 warrant per broker non trasferibili, esercitabili a $0,05 per azione per 24 mesi. I fondi saranno destinati ad attività di esplorazione e sviluppo presso il progetto Bull River Mine vicino a Cranbrook, B.C. Tutti i titoli emessi sono soggetti a un periodo di blocco statutario di quattro mesi e un giorno.
Canadian Critical Minerals (CCMI) ha completado con éxito una financiación a través de acciones de flujo, recaudando $300,000 mediante la emisión de 6,000,000 de acciones de flujo a $0.05 por acción. La compañía pagó $21,000 en comisiones a intermediarios y emitió 420,000 opciones de intermediario no transferibles, que se pueden ejercer a $0.05 por acción durante 24 meses. Los fondos se destinarán a actividades de exploración y desarrollo en el proyecto Bull River Mine cerca de Cranbrook, B.C. Todos los valores emitidos están sujetos a un período de bloqueo legal de cuatro meses y un día.
캐나다 비판적인 광물 (CCMI)는 6,000,000주의 유상증자를 통해 $300,000의 흐름 자금을 성공적으로 조달했습니다. 주당 $0.05의 가격으로 발행되었습니다. 회사는 중개 수수료로 $21,000를 지불했으며, 24개월 동안 주당 $0.05로 행사할 수 있는 420,000개의 양도 불가능한 중개인 워런트를 발행했습니다. 자금은 크랜브룩(B.C.) 근처의 벌 리버 광산 프로젝트의 탐사 및 개발 활동에 배정될 것입니다. 발행된 모든 증권은 4개월과 하루의 법적 보유 기간에 적용됩니다.
Canadian Critical Minerals (CCMI) a réussi à réaliser un financement à travers des actions de flux, levant 300 000 $ par l'émission de 6 000 000 d'actions à 0,05 $ chacune. La société a payé 21 000 $ en commissions d'intermédiaire et a émis 420 000 bons de souscription non transférables, exerçables à 0,05 $ par action pendant 24 mois. Les fonds seront affectés aux activités d'exploration et de développement du projet Bull River Mine près de Cranbrook, C.-B. Tous les titres émis sont soumis à une période de blocage légale de quatre mois et un jour.
Canadian Critical Minerals (CCMI) hat erfolgreich eine Durchlauf-Finanzierung abgeschlossen und durch die Ausgabe von 6.000.000 Durchlaufaktien zu je $0,05 $300.000 gesammelt. Das Unternehmen hat $21.000 an Vermittlungsprovisionen gezahlt und 420.000 nicht übertragbare Broker-Warrants ausgegeben, die für 24 Monate zu einem Preis von $0,05 pro Aktie ausgeübt werden können. Die Mittel werden für Erschließungs- und Entwicklungsaktivitäten im Bull River Mine-Projekt in der Nähe von Cranbrook, B.C. verwendet. Alle ausgegebenen Wertpapiere unterliegen einer gesetzlichen Haltedauer von vier Monaten und einem Tag.
- Successfully raised $300,000 in new capital for project development
- Secured funding for exploration activities at Bull River Mine project
- Dilution of existing shareholders through issuance of 6,000,000 new shares
- Additional $21,000 in cash commissions and 420,000 broker warrants adding to dilution
Calgary, Alberta--(Newsfile Corp. - December 9, 2024) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") has closed a flow-through financing for gross proceeds of
In connection with the financing, the Company paid finders cash commissions totalling
All securities issued are subject to a statutory hold period that expires four months and one day from issuance.
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 copper production 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/233026
FAQ
How much did Canadian Critical Minerals (RIINF) raise in its December 2024 flow-through financing?
What is the exercise price and duration of the broker warrants issued by Canadian Critical Minerals (RIINF)?
How will Canadian Critical Minerals (RIINF) use the proceeds from the December 2024 financing?
