Nine Mile Metals Announces Non-Brokered Private Placement
Nine Mile Metals (CSE: NINE, OTC: VMSXF) has announced a non-brokered private placement to raise up to $300,000 through the issuance of up to 8,571,428 flow-through units at $0.035 per unit. Each unit includes one flow-through common share and one warrant, allowing purchase of an additional common share at $0.05 for five years.
The company may pay finder's fees up to 7% in cash and issue finder's warrants up to 7% of securities sold. Finder's warrants will be exercisable at $0.035 per share for five years. Proceeds will fund exploration activities, including drilling, core sample splitting, assays, and surveys. All securities will have a four-month and one-day hold period.
Nine Mile Metals (CSE: NINE, OTC: VMSXF) ha annunciato un collocamento privato non intermediazione per raccogliere fino a $300.000 tramite l'emissione di fino a 8.571.428 unità flow-through a $0.035 per unità. Ogni unità include una azione comune flow-through e un warrant, che consente l'acquisto di un'ulteriore azione comune a $0.05 per cinque anni.
L'azienda può pagare commissioni per i trovatori fino al 7% in contante e rilasciare warrant per i trovatori fino al 7% dei titoli venduti. I warrant per i trovatori saranno esercitabili a $0.035 per azione per cinque anni. I proventi finanzieranno le attività di esplorazione, inclusi perforazioni, divisione di campioni di carote, analisi e sondaggi. Tutti i titoli avranno un periodo di blocco di quattro mesi e un giorno.
Nine Mile Metals (CSE: NINE, OTC: VMSXF) ha anunciado una colocación privada no corredada para recaudar hasta $300,000 mediante la emisión de hasta 8,571,428 unidades flow-through a $0.035 por unidad. Cada unidad incluye una acción común flow-through y una opción de compra, que permite la adquisición de una acción común adicional a $0.05 durante cinco años.
La empresa puede pagar comisiones de buscadores de hasta el 7% en efectivo y emitir opciones de buscador de hasta el 7% de los valores vendidos. Las opciones de buscador serán ejercitables a $0.035 por acción durante cinco años. Los ingresos se destinarán a actividades de exploración, incluidas perforaciones, división de muestras de núcleo, ensayos y encuestas. Todos los valores tendrán un período de bloqueo de cuatro meses y un día.
나인 마일 메탈스 (CSE: NINE, OTC: VMSXF)는 최대 $300,000을 모금하기 위해 비중개 사적인 배치를 발표했습니다. 이는 8,571,428개의 흐름 전환 단위를 단위당 $0.035로 발행하는 방식입니다. 각 단위에는 하나의 흐름 전환 보통주와 하나의 워런트가 포함되어 있으며, 이는 5년 동안 $0.05에 추가 보통주를 구매할 수 있는 권한을 허용합니다.
회사는 판매된 증권의 최대 7%에 해당하는 찾는 사람 수수료를 현금으로 지급할 수 있으며, 최대 7%의 권한을 발행할 수 있습니다. 찾는 사람의 권한은 5년 동안 주당 $0.035에 행사 가능합니다. 수익은 굴착, 시료 분할, 분석 및 조사를 포함한 탐사 활동에 사용할 예정입니다. 모든 증권은 4개월 1일의 대기 기간이 있습니다.
Nine Mile Metals (CSE: NINE, OTC: VMSXF) a annoncé un placement privé sans intermédiaire pour lever jusqu'à $300,000 par l'émission de jusqu'à 8,571,428 unités flow-through à $0.035 par unité. Chaque unité comprend une action ordinaire flow-through et un bon de souscription, permettant l'achat d'une action ordinaire supplémentaire à $0.05 pendant cinq ans.
La société peut verser des frais de recherche allant jusqu'à 7 % en espèces et émettre des bons de souscription de recherche représentant jusqu'à 7 % des titres vendus. Les bons de souscription seront exerçables à $0.035 par action pendant cinq ans. Les recettes serviront à financer des activités d'exploration, y compris le forage, la division d'échantillons de carottes, les analyses et les enquêtes. Tous les titres auront une période de blocage de quatre mois et un jour.
Nine Mile Metals (CSE: NINE, OTC: VMSXF) hat eine nicht vermittelte Privatplatzierung angekündigt, um bis zu $300.000 durch die Ausgabe von bis zu 8.571.428 Flow-Through-Einheiten zu beschaffen, zu einem Preis von $0.035 pro Einheit. Jede Einheit umfasst eine Flow-Through-Stammaktie und eine Option, die den Kauf einer zusätzlichen Stammaktie für $0.05 über fünf Jahre ermöglicht.
Das Unternehmen kann Findergebühren von bis zu 7% in bar zahlen und Finderwarrants von bis zu 7% der verkauften Wertpapiere ausgeben. Finderwarrants können für fünf Jahre zu $0.035 pro Aktie ausgeübt werden. Die Erlöse werden zur Finanzierung von Explorationsaktivitäten verwendet, zu denen Bohrungen, Kerngutteilung, Analysen und Umfragen gehören. Alle Wertpapiere unterliegen einer Sperrfrist von vier Monaten und einem Tag.
- Secured potential funding of $300,000 for exploration activities
- Five-year warrant term provides long-term investment opportunity
- Potential dilution of existing shareholders through issuance of up to 8,571,428 new units
- Low unit price of $0.035 indicates possible market weakness
- Additional dilution possible through 7% finder's warrants
Vancouver, British Columbia--(Newsfile Corp. - December 19, 2024) - NINE MILE METALS LTD. (CSE: NINE) (OTC Pink: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") is pleased to announce that it intends to complete a non-brokered private placement offering to raise up to
Each FT Unit will consist of one flow-through common share of the Company (each a "Common Share") and one common share purchase warrant (each common share purchase warrant, a "Warrant"), with each Warrant entitling the holder thereof to purchase one Common Share at a price of
The Company may pay finder's fees of up to
The proceeds from the sale of the FT Units will be used for exploration costs, including drilling, splitting core samples, assays, and surveys.
The Common Shares, and any Common Shares to be issued on exercise of the Warrants and finder's warrants, will be subject to a hold period under applicable Canadian securities laws expiring four months and one day from the date of issuance.
About Nine Mile Metals Ltd.:
Nine Mile Metals Ltd. is a Canadian public mineral exploration Company focused on Critical Minerals VMS (Cu, Pb, Zn, Ag and Au) exploration in the renowned Bathurst Mining Camp (BMC), located in New Brunswick, Canada. The Company's primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS Project, California Lake VMS Project, the Canoe Landing Lake (East - West) VMS Project, and the Wedge VMS Project. The Company is focused on Critical Minerals Exploration, positioning itself for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge on Gold.
ON BEHALF OF NINE MILE METALS LTD.
"Patrick J. Cruickshank, MBA"
CEO and Director
T: 506-804-6117
E: patrick@ninemilemetals.com
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile, including statements concerning our plans to complete the non-brokered private placement to raise funds. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as "will," "may," "would," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "could" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that the Company will use the proceeds as described above. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234610
FAQ
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