Integral Metals Completes Successful Private Placement Offering
Integral Metals Successfully Concludes Private Placement Offering
CALGARY, Alberta - Integral Metals Corp. (CSE: INTG | FSE: ZK9) is excited to share that it has successfully closed its previously announced non-brokered private placement offering. This strategic financial move involved the issuance of units at a price of C$0.51 per unit, culminating in a total of C$2,000,000 raised.
Details of the Offering
Each unit issued as part of this offering includes one common share and one share purchase warrant. The warrant grants the holder the right to purchase one additional share at C$0.65 within a 24-month period. This structured offering reflects Integral's commitment to providing value to its stakeholders while advancing its mineral exploration projects.
Planned Use of Proceeds
The funds generated from this private placement will primarily be allocated to finance exploration activities across various mineral projects managed by the company. Integral Metals aims to enhance its exploration capabilities and ensure that operations are adequately supported through strategic working capital replenishment and general corporate initiatives. Moreover, all securities issued will be subject to a hold period of four months and one day, adhering to regulatory guidelines.
Company Overview
Integral Metals is at the forefront of mineral exploration, specializing in critical minerals such as gallium, germanium, and rare earth elements. The company’s mission centers around the development of a robust domestic supply chain essential for these vital resources. With mining-friendly properties located in key regions, including Canada and the U.S., Integral is poised for supportive regulatory backing that fosters its exploration endeavors.
Forward-Looking Initiatives
Integral is committed to continuous growth and adaptation within the mineral exploration sector. As part of its future strategy, the company is dedicated to employing prudent financial management while navigating the uncertainties that come with exploration. Integral's leadership remains optimistic about translating its mineral exploration plans into tangible outcomes.
Contact Information
For inquiries regarding this announcement, please reach out to Paul Sparkes, CEO of Integral Metals Corp, at 825-414-3163 or via email at info@integralmetals.com.
Frequently Asked Questions
What is the purpose of the private placement offering?
The private placement is designed to raise funds to support exploration activities and provide working capital for corporate purposes.
How much did Integral Metals raise through this offering?
Integral Metals raised a total of C$2,000,000 through the completed private placement offering.
What do the units consist of in the offering?
Each unit consists of one common share and one share purchase warrant, allowing for the potential purchase of additional shares at a fixed price.
What are some of the minerals Integral Metals focuses on?
Integral Metals primarily explores for critical minerals, including gallium, germanium, and rare earth elements.
Who is the CEO of Integral Metals Corp.?
Paul Sparkes serves as the Chief Executive Officer of Integral Metals Corp.
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