Cmc Metals Oversubscribes Private Placement – Raises $1,412,660.02
10/12/22, 3:37 PM
Location
vancouverMoney raised
$1.41 million
Industry
other
precious metals
mining
Round Type
seed
VANCOUVER, BC / October 12, 2022 / - CMC Metals Ltd. (TSX-V:CMB)(Frankfurt:ZM5P)(CMCXF: OTCQB) ("CMC" or the "Company") has oversubscribed its private placement announced September 6th 2022 by raising gross proceeds of $1,412,660.02, subject to TSX Venture Exchange approval. On receipt of the TSX Venture Exchange approval, the company will issue 4,975,889 flow-through (FT) units at $0.18 and 3,231,250 non-flow-through (NFT) units at $0.16
Company Info
Location
vancouver, british columbia, canada
Additional Info
CMC Metals Ltd. is a growth stage exploration company focused on opportunities for high grade polymetallic deposits in Yukon, British Columbia and Newfoundland. Our polymetallic silver-lead-zinc CRD prospects include the Silver Hart Deposit and Blue Heaven claims (Yukon) and Amy and Silverknife claims (north-central British Columbia). Our polymetallic projects with potential for copper-silver-gold and other metals include Logjam (Yukon), Bridal Veil, Terra Nova and Rodney Pond (central Newfoundland).