Halcones Precious Metals Completes Successful Private Placement Offering
Halcones Precious Metals Corp. (TSXV: HPM) has announced the successful closing of its recent non-brokered private placement financing. The offering saw significant interest, with 21,200,000 units priced at $0.05 per unit, leading to gross proceeds of $1,060,000.
Details of the Offering
Each unit in this offering consists of one common share in the capital of Halcones Precious Metals and one-half of a purchase warrant. Each whole warrant permits the holder to acquire one common share at an exercise price of $0.10 per share for a period of 36 months following the closing of the offering.
Financial Usage and Objectives
The proceeds from the offering will be utilized primarily to identify and evaluate potential mineral property acquisitions and for general corporate working capital. This strategic allocation of funds is essential for the company's ongoing growth and operational sustainability.
Finder's Fees and Participation
As part of this financing, Halcones Precious Metals paid finder’s fees totaling $38,500 in cash and issued 770,000 non-transferable finder’s warrants. Each finder’s warrant also allows the holder to acquire one common share at a set price of $0.05 for a period of 36 months.
Insider Participation
An insider of the company subscribed for 2,000,000 units during the offering. This participation constitutes a related party transaction but is exempt from formal valuation and shareholder approval requirements under Multilateral Instrument 61-101.
Compliance and Regulatory Notes
The securities from this offering have not been registered under the United States Securities Act and cannot be offered or sold to U.S. persons without appropriate exemptions. This announcement does not constitute an offer for sale of securities in the United States.
About Halcones Precious Metals Corp.
Halcones Precious Metals Corp. is committed to exploring and developing gold-silver projects situated in the Maricunga Belt, recognized as one of South America's premier gold mining districts. The company boasts an experienced team backed by a strong track record of exploration success.
Contact Information
For additional information regarding Halcones Precious Metals Corp., please reach out to:
Vincent Chen
Investor Relations
info@halconespreciousmetals.com
www.halconespreciousmetals.com
Frequently Asked Questions
What is the recent financing amount raised by Halcones Precious Metals?
Halcones Precious Metals raised a total of $1,060,000 through its latest private placement offering.
How many units were sold in the private placement?
A total of 21,200,000 units were sold during the private placement financing.
What can the proceeds from the offering be used for?
The proceeds will be used for evaluating mineral properties for acquisition and for general corporate working capital purposes.
Who participated in this financing?
An officer of Halcones Precious Metals subscribed for 2,000,000 units as part of the financing.
Where is Halcones Precious Metals focusing its exploration efforts?
The company is primarily exploring gold-silver projects in the Maricunga Belt, which is one of South America's leading gold mining regions.
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