Halcones Precious Metals Successfully Closes Private Placement Offering
Halcones Precious Metals Corp. (TSXV: HPM) has announced the successful completion of its recent non-brokered private placement financing. This offering generated considerable interest, resulting in the sale of 21,200,000 units at a price of $0.05 each, which amounted to gross proceeds of $1,060,000.
Offering Details
Each unit in this offering comprises one common share of Halcones Precious Metals and one-half of a purchase warrant. Each full warrant allows the holder to purchase one common share at an exercise price of $0.10 per share for a period of 36 months following the offering's closing.
Use of Funds and Objectives
The funds raised from this offering will primarily be allocated towards identifying and assessing potential mineral property acquisitions, as well as for general corporate working capital. This strategic use of funds is crucial for the company's continued growth and operational sustainability.
Finder's Fees and Involvement
In connection with 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 grants the holder the right to acquire one common share at a price of $0.05 for a duration of 36 months.
Insider Involvement
An insider of the company subscribed for 2,000,000 units during this offering. This participation is classified as a related party transaction but is exempt from formal valuation and shareholder approval requirements under Multilateral Instrument 61-101.
Compliance and Regulatory Information
The securities issued in this offering have not been registered under the United States Securities Act and cannot be offered or sold to U.S. persons without the necessary exemptions. This announcement does not constitute an offer to sell securities in the United States.
About Halcones Precious Metals Corp.
Halcones Precious Metals Corp. is dedicated to exploring and developing gold-silver projects located in the Maricunga Belt, which is recognized as one of South America's top gold mining districts. The company has an experienced team with a strong record of successful exploration.
Contact Information
For more information about Halcones Precious Metals Corp., please contact:
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.
