Western Alaska announces $5 mln brokered and $1.5 mln non-brokered offering
- Western Alaska Minerals Private Placement: Western Alaska Minerals announced a $5 million brokered and $1.5 million non-brokered private placement of units.
- Use of Proceeds: The net proceeds from the offering will fund the company's 2024 exploration program, including drilling at new target zones identified in 2023, and for general corporate purposes.
- Offering Details: Units issued in the Non-Brokered Offering will not be qualified for distribution by the Prospectus Supplement and will have a four-month hold period.
- Closing Dates: The Brokered Offering is expected to close around April 26, while the Non-Brokered Offering is anticipated to close around May 3.
- Additional Information: The news mentions historical earnings data and financial information for Western Alaska Minerals Corp.
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Lux Metals increases private placement to $3.5 million
Private Placement Increase: Lux Metals has increased its private placement from 12.5 million units to 17.5 million units due to strong investor demand, aiming for total gross proceeds of up to $3.5 million.
Unit Composition: Each unit will consist of one common share and one transferable share purchase warrant, with warrants exercisable for an additional share at $0.40 each for two years.
Use of Proceeds: The funds raised will be allocated for exploration costs and general working capital.
Company Information: Additional financial information and ratings for Lux Metals Corp. can be found on Seeking Alpha.
Copper Giant increases private placement to $12 million
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Use of Proceeds: The funds raised will be used for working capital and general corporate purposes, pending approval from the TSX Venture Exchange.