The Private Placement will now consist of the sale of up to 4,166,666 units (each a “Unit”) at a price of
The Warrants will not have an acceleration clause as previously announced.
As previously announced, in consideration for their services in introducing subscribers to the Company under the Private Placement, finders may receive commission of 8% cash and 8% common share purchase warrants, exercisable to purchase one common share at a price of
The Company intends to use the proceeds for operating expenses, including legal and audit fees and general working capital.
All securities issued in the private placement will be subject to a four month and a day hold period.
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ON BEHALF OF NINE MILE METALS LTD.
“Patrick
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. 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 (a) the Company will close the private placement for proceeds of
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.
Source:
2024 GlobeNewswire, Inc., source