Arras Minerals Announces Up to $15 Million Financing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 20 2025
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Should l Buy ?
Source: Newsfilter
Private Placement Announcement: Arras Minerals Corp. has entered into an agreement to sell up to 15,295,000 common shares at C$0.85 each, aiming for gross proceeds of approximately C$13 million through a brokered offering, alongside a concurrent non-brokered placement for additional funds.
Use of Proceeds and Regulatory Compliance: The funds raised will be used for exploration in Kazakhstan and general corporate purposes, with the offering subject to regulatory approvals and certain conditions, including a cash commission for the agents involved.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
