Integral Metals Completes Successful Private Placement
Integral Metals Corp. (CSE: INTG | FSE: ZK9) is excited to share that it has completed its previously announced non-brokered private placement offering. This strategic move allows the company to raise a total of US$400,000 through the sale of its common shares, priced at US$0.70 each.
Utilization of Funds
The net proceeds from this private placement will be primarily directed towards advancing exploration on our mineral properties. Additionally, a portion of the funds will support our general working capital needs, ensuring that the company remains positioned for future growth.
Importance of Mineral Exploration
Integral Metals focuses on the exploration of critical minerals that are essential for modern technology, such as gallium, germanium, and rare earth elements. By securing funds through this private placement, the company is taking proactive measures to strengthen its exploration capabilities.
Overview of Integral Metals
Integral Metals is at the forefront of mineral exploration, with a mission to contribute to the domestic supply chain of vital materials. The company operates in some of the most mining-friendly regions, including areas in Canada and the United States. By leveraging the regulatory support these jurisdictions provide, Integral aims to enhance its exploration efforts effectively.
Security Hold Period
It’s important to note that all securities issued under this placement will be subject to a holding period of four months and one day, in compliance with applicable regulations. This ensures that the investment is secure and adheres to the necessary legal frameworks.
Upcoming Initiatives
As Integral Metals navigates its developmental path, the focus remains on promising territories that exhibit high potential for discovering critical resources. The company is committed to utilizing this capital injection to explore new opportunities and possibly uncover new deposits that could significantly enhance its portfolio.
Contact Information
For any inquiries regarding this press release or other matters related to Integral Metals, please reach out to:
Paul Sparkes
Chief Executive Officer
Phone: 825-414-3163
Email: info@integralmetals.com
Frequently Asked Questions
What is the amount raised in the private placement?
The private placement raised a total of US$400,000 for Integral Metals.
What will the proceeds be used for?
The funds will be used for mineral exploration projects and general working capital purposes.
What minerals does Integral Metals focus on?
Integral Metals explores critical minerals such as gallium, germanium, and rare earth elements.
Is there a holding period for the securities issued?
Yes, there is a four-month and one-day holding period for all issued securities.
Who can I contact for more information about Integral Metals?
You can contact Paul Sparkes, Chief Executive Officer, at 825-414-3163 or by email at info@integralmetals.com.
