NetworkNewsBreaks – First Energy Metals Ltd. (CS
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Posted On: 06/03/2021 3:55:37 PM
NetworkNewsBreaks – First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Announces Closing of Private Placement
First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, today announced that it has closed a non-brokered private placement for aggregate gross proceeds of $1,000,000. According to the update, the offering consisted of the sale of $771,299.76 flow-through units (“FT units”) by way of issuing 2,003,376 shares at $0.385 per FT unit and the sale of $228,700.24 hard dollar units (“HD units “) by way of issuing 682,687 shares at $0.335 per HD unit. Final closing of the transaction and private placement is subject to obtaining all standard regulatory approvals, including from the CSE. All securities issued in connection with the offering will be subject to a four-month statutory hold period plus a day from the date of issuance in accordance with applicable securities legislation. First Energy intends to use the net proceeds from the offering to primarily finance exploration work on its Augustus Lithium property as well as for general working capital purposes.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, today announced that it has closed a non-brokered private placement for aggregate gross proceeds of $1,000,000. According to the update, the offering consisted of the sale of $771,299.76 flow-through units (“FT units”) by way of issuing 2,003,376 shares at $0.385 per FT unit and the sale of $228,700.24 hard dollar units (“HD units “) by way of issuing 682,687 shares at $0.335 per HD unit. Final closing of the transaction and private placement is subject to obtaining all standard regulatory approvals, including from the CSE. All securities issued in connection with the offering will be subject to a four-month statutory hold period plus a day from the date of issuance in accordance with applicable securities legislation. First Energy intends to use the net proceeds from the offering to primarily finance exploration work on its Augustus Lithium property as well as for general working capital purposes.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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