Halcones Precious Metals Completes Non-Brokered Offering
Halcones Precious Metals Corp. (TSX-V: HPM) proudly announces the successful closure of its non-brokered private placement. This financial milestone has resulted in securing significant funds, allowing the company to focus on critical projects and advancements in their mining endeavors.
Details of the Offering
Through this offering, Halcones has issued a total of 10,204,153 Units at a price of $0.07 each, leading to an impressive gross revenue of $714,290.71. Each Unit is composed of one common share and half of a purchase warrant, allowing investors the potential to secure further shares at an exercise price of $0.10, valid for 36 months.
Use of Proceeds
The funds raised will be pivotal in continuing the exploration work on the Polaris Project, a cornerstone of the company’s aspirations in gold and silver mining. Furthermore, some of the proceeds will go towards general corporate operations, ensuring that Halcones continues to function at its peak.
Participation from Insiders
Notably, insiders of Halcones have actively participated in this offering, acquiring a total of 2,571,428 Units. This involvement comes under the category of related party transactions as per Multilateral Instrument 61-101, but it remains exempt from the formal valuation requirements, reinforcing the company's committed stance towards transparency and shareholder engagement.
Finder's Fees and Warrant Issuance
As part of the process, Halcones allocated cash finder’s fees totaling $9,099.30 and issued 129,990 finder’s warrants. Similar to the previously issued warrants, these finder’s warrants entitle holders to acquire common shares at the price of $0.07 for a duration of 36 months. This strategic decision not only incentivizes finders but also expands the investment community surrounding Halcones.
Company's Vision and Future Plans
Halcones Precious Metals is carving a niche in the exploration of gold-silver projects in Chile. With a dedicated team enriched by prior exploration successes, the company is well-positioned to capitalize on its current projects and potential future prospects. This financing is set to amplify their exploration and development efforts significantly.
Learning More About Halcones
To discover more about Halcones Precious Metals Corp. and their innovative work in the mining sector, interested parties are encouraged to reach out. The company values open communication and is ready to provide insights into their operations and vision.
Contact for Further Information
For additional inquiries, please contact:
Vincent Chen, CPA
Investor Relations
vincent.chen@halconespm.com
www.halconespreciousmetals.com
Frequently Asked Questions
What is the recent offering closed by Halcones Precious Metals?
Halcones Precious Metals recently completed a non-brokered private placement, issuing 10,204,153 Units to raise $714,290.71.
How will Halcones use the proceeds from the offering?
The funds will primarily be directed towards ongoing exploration efforts on the Polaris Project and general corporate working capital.
Who participated in the offering?
Insiders within the company participated and acquired a total of 2,571,428 Units as part of the financing strategy.
What are Finder Warrants?
Finder’s warrants allow holders to purchase common shares at a specified price, in this case, $0.07, for a period of 36 months following the offering.
Where is Halcones Precious Metals focused?
The company is focused on exploring and developing gold-silver projects, particularly within Chile's rich mining landscape.
