Stelmine Canada Ltd. announced a financing transaction
On the same date, the company announced that it has issued 5,943,528 FT Units at a price of CAD 0.085 per FT Unit for the gross proceeds of CAD 505,199.88 in the first tranche. In connection with the Offering, the Company will pay a finder?s fee of CAD 26,775 in cash. The transaction included participation from 3 insiders for CAD 18,800. All securities issued in connection with this Offering are subject to a hold period of four months ending on April 13, 2024 in accordance with applicable securities laws. The Offering is subject to the approval of the TSX Venture Exchange.