checkAd

Granite Creek Copper Closes Tranche of Private Placement Financing

VANCOUVER, BC / ACCESSWIRE / October 5, 2022 / Granite Creek Copper Ltd. (TSXV:GCX) ("Granite Creek" or the "Company") announces the amendment of the terms and the closing of a first tranche of the previously announced non-brokered private placement …

VANCOUVER, BC / ACCESSWIRE / October 5, 2022 / Granite Creek Copper Ltd. (TSXV:GCX) ("Granite Creek" or the "Company") announces the amendment of the terms and the closing of a first tranche of the previously announced non-brokered private placement financing (see news release dated August 30, 2022). The Company continues to receive interest in the placement and anticipates closing a second tranche shortly. The new terms are as follows:

  1. The Company now will issue up to 5,000,000 units at a price of $0.075 (previous pricing of $0.08) with each unit consisting of one common share of the Company and one transferable warrant (previous terms consisted of one half on one transferable warrant)(a "Warrant"), with each Warrant allowing the holder to purchase one common share of the Company at a price of $0.10 per share for twenty-four months from the Closing Date of the Offering ("Common Share Units"). If, at any time after the Closing Date, the closing price of the Company's common shares on the TSX Venture Exchange is greater than $0.16 per share for a period of 10 consecutive trading days, the Company may elect to accelerate the expiry date of all or part of the Warrants, at any date that is four months and one day after the Closing Date, by giving notice thereof to the holders of the Warrants. In such case, that portion of the Warrants would be subject to an expiry date that is 30 business days after the date on which such notice is given by the Company. Of the 5,000,000 units, a first trance of1,494,665 units have been subscribed for and will be issued subject to TSX Venture approval for total proceeds of $113,000.
  2. The Company will now issue up to 2,000,000 flow-through shares ("FT shares") at a price of $0.11 per share (previous pricing of $0.12 per share), to raise proceeds of up to $240,000 to incur Canadian Exploration Expenses ("CEE") under the Income Tax Act (Canada). Of the 2,000,000 flow-through shares, a first tranche of 1,460,546 FT Shares have been subscribed for and will be issued subject to TSX Venture approval for total proceeds of $160,660.

The private placement is being offered on a non-brokered basis and closing of the Offering is subject to certain customary conditions, including, but not limited to, the receipt of all necessary regulatory approvals and acceptance of the TSX Venture Exchange. All shares and warrants issued will be subject to a statutory hold period of four months and one day from the closing of the Offering.

Seite 1 von 2




0 Kommentare
Nachrichtenquelle: Accesswire
 |  125   |   |   

Schreibe Deinen Kommentar

Disclaimer

Granite Creek Copper Closes Tranche of Private Placement Financing VANCOUVER, BC / ACCESSWIRE / October 5, 2022 / Granite Creek Copper Ltd. (TSXV:GCX) ("Granite Creek" or the "Company") announces the amendment of the terms and the closing of a first tranche of the previously announced non-brokered private placement …

Nachrichten des Autors

122 Leser
120 Leser
111 Leser
104 Leser
102 Leser
102 Leser
101 Leser
100 Leser
100 Leser
100 Leser
130 Leser
122 Leser
120 Leser
118 Leser
115 Leser
111 Leser
109 Leser
109 Leser
109 Leser
108 Leser
1234 Leser
821 Leser
461 Leser
378 Leser
332 Leser
315 Leser
308 Leser
244 Leser
243 Leser
229 Leser
4528 Leser
1731 Leser
1234 Leser
1125 Leser
942 Leser
906 Leser
897 Leser
821 Leser
766 Leser
658 Leser