Lucky Minerals Inc V.LKY

Lucky Minerals Announces Closing of Second and Final Tranch

[traps7]

VANCOUVER, BC / ACCESSWIRE / February 22, 2021 / Lucky Minerals Inc. (TSXV:LKY)(OTC Pink:LKMNF)(FRA:LKY) ("Lucky" or the "Company") is pleased to announce that, further to its news releases of January 13, 2021 and February 17, 2021, it has completed the second tranche of its private placement (the "Offering") for gross proceeds of $464,800. The second tranche closing consisted of 5,810,000 units (the "Units") at a price of $0.08 per Unit. Each Unit consists of one common share in the capital of the Company (a "Share") and one share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one Share at a price of $0.15 exercisable until February 19, 2023. The Company has raised a total of $2,448,448 under the two tranches of the Offering.

All securities issued in connection with this second tranche closing are subject to a hold period of four months plus a day, expiring June 20, 2021 in accordance with applicable securities legislation. In connection with the second tranche of the offering, the Company paid finder's fees consisting of a cash commission of $19,684 and 246,050 compensation warrants (the "Compensation Warrants"). Each Compensation Warrant is exercisable into one Share at $0.08 per share until February 19, 2022.

The net proceeds of the second tranche of the Offering will be used for exploration on the Company's Fortuna Project in Ecuador and general working capital.

About Lucky

Lucky is an exploration and development company targeting large-scale mineral systems in proven districts with the potential to host world class deposits. Lucky owns a 100% interest in the Fortuna property in Ecuador, which is its primary exploration project.

The Company's Fortuna Project is a royalty-free 550km² (55,000 Ha, or 136,000 Acres) exploration concession. Fortuna is located in a highly prospective, yet underexplored, gold belt in southern Ecuador. Lucky has entered into a memorandum of understanding on Fortuna with First Quantum Minerals Ltd. ("First Quantum") whereby First Quantum is able to earn up to 70% on primary copper targets

[SStoktikk]

Good to see, let's do some drilling and get the deal done with 1st Quantum.

[SStoktikk]

Well,that was very unLucky,get news of PP closing and it goes down.Did it have to do with not getting the full amount,50% of advertised 5 million ,that was dumb, copper and gold having big moves,what's going on here,hopefully they figure they can get money higher.Still pretty low share count ,it's be3n consolidated last year,thought there would be more kick to this.

[traps7]

..I"ll keep a close eye here and ready too dump at any time, like previous mention  ,.Institutions { brokers } can borrow idle warrants and flip back and forth their own book at half cent $$ profit seeing 1/2 cent each time ..go-figure..observe the trading and you will see,.. ..check most juniors you see and notice the same pattern  Equador, booth at PDAC could never find and

[SStoktikk]

I know what you mean,some of these brokers keep warrants,blow the stock out,makes me sick,aqualung shares traded today 858,000. 40.0 0.085 · 0.09 106.0 0.085 -0.005 -5.6 858.1 74 42 0.095  0.095  0.085 0.27  0.06 13:47:22 07:4