Canadian Critical Minerals Closes $950,000 Flow-Through Financing
Canadian Critical Minerals (TSXV: CCMI, OTCQB: RIINF) has completed a flow-through financing raising $950,000 through the issuance of 19,000,000 flow-through shares at $0.05 per share. The company paid $66,500 in finders' commissions and issued 1,330,000 broker warrants exercisable at $0.05 per share for 24 months. The proceeds will fund exploration and development at the Bull River Mine project near Cranbrook, B.C. Securities issued are subject to a four-month and one-day hold period.
Canadian Critical Minerals (TSXV: CCMI, OTCQB: RIINF) ha completato un finanziamento con flusso di capitale raccogliendo $950.000 attraverso l'emissione di 19.000.000 azioni con flusso di capitale a $0,05 per azione. L'azienda ha pagato $66.500 come commissioni ai procuratori e ha emesso 1.330.000 warrant per broker esercitabili a $0,05 per azione per 24 mesi. I proventi saranno destinati all'esplorazione e allo sviluppo del progetto Bull River Mine vicino a Cranbrook, B.C. I titoli emessi sono soggetti a un periodo di attesa di quattro mesi e un giorno.
Canadian Critical Minerals (TSXV: CCMI, OTCQB: RIINF) ha completado un financiamiento a través de flujos recaudando $950,000 mediante la emisión de 19,000,000 acciones a través de flujos a $0.05 por acción. La empresa pagó $66,500 en comisiones a intermediarios y emitió 1,330,000 opciones para corredores que se pueden ejercer a $0.05 por acción durante 24 meses. Los ingresos se destinarán a la exploración y desarrollo del proyecto Bull River Mine cerca de Cranbrook, B.C. Los valores emitidos están sujetos a un periodo de retención de cuatro meses y un día.
캐나다 크리티컬 미네랄스(TSXV: CCMI, OTCQB: RIINF)는 유동 자금 조달을 완료하고 $950,000를 모금하였습니다. 이는 주당 $0.05에 19,000,000개의 유동 주식을 발행하여 이루어졌습니다. 회사는 중개 수수료로 $66,500를 지급했으며, 24개월 동안 주당 $0.05로 행사 가능한 1,330,000개의 중개인 워런트를 발행했습니다. 이 자금은 브리티시 컬럼비아주 크랜브룩 인근에 있는 Bull River Mine 프로젝트의 탐사 및 개발 자금으로 사용됩니다. 발행된 증권은 4개월 1일의 보유 기간이 적용됩니다.
Canadian Critical Minerals (TSXV: CCMI, OTCQB: RIINF) a complété un financement par actions accréditives levant 950 000 $ grâce à l'émission de 19 000 000 d'actions accréditives à 0,05 $ par action. La société a payé 66 500 $ en commissions de courtiers et a émis 1 330 000 bons de souscription pour courtiers exerçables à 0,05 $ par action pendant 24 mois. Les fonds seront utilisés pour l'exploration et le développement du projet Bull River Mine près de Cranbrook, en Colombie-Britannique. Les titres émis sont soumis à une période de détention de quatre mois et un jour.
Canadian Critical Minerals (TSXV: CCMI, OTCQB: RIINF) hat eine Flussfinanzierung abgeschlossen und 950.000 $ durch die Ausgabe von 19.000.000 Flussaktien zu je 0,05 $ pro Aktie gesammelt. Das Unternehmen zahlte 66.500 $ an Vermittlerprovisionen und gab 1.330.000 Brokerwarrants aus, die für 24 Monate zu je 0,05 $ pro Aktie ausgeübt werden können. Die Erlöse werden der Exploration und Entwicklung des Bull River Mine-Projekts in der Nähe von Cranbrook, B.C. zugutekommen. Die ausgegebenen Wertpapiere unterliegen einer Haltefrist von vier Monaten und einem Tag.
- Successfully raised $950,000 in new capital through flow-through financing
- Secured funding for Bull River Mine project exploration and development
- Share dilution through issuance of 19,000,000 new shares
- Additional dilution potential from 1,330,000 broker warrants
- Incurred $66,500 in financing costs
Calgary, Alberta--(Newsfile Corp. - November 13, 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 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/229818
FAQ
How much did Canadian Critical Minerals (RIINF) raise in its November 2024 flow-through financing?
What is the exercise price and term of the broker warrants issued by Canadian Critical Minerals (RIINF)?
What will Canadian Critical Minerals (RIINF) use the flow-through financing proceeds for?
