TSXV:TECT - Post Discussion
Post by
Betteryear2 on May 09, 2023 8:31pm
Tectonic Metals Announces C$6,000,000 Private Placement
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VANCOUVER, BC, May 9, 2023 /CNW/ - Tectonic Metals Inc. (TSXV: TECT) (OTCQB: TETOF) (FSE: T15B) ("Tectonic" or the "Company") is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. (the "Lead Agent"), pursuant to which the Lead Agent, on behalf of a syndicate of agents (collectively, the "Agents") will act as lead agent for the Company on a 'best efforts' agency basis in connection with a private placement of units (the "Units") of the Company at a price of C$0.11 per Unit (the "Offering Price") for gross proceeds to the Company of up to C$6,000,000 (the "Offering"). The Offering has been structured to take advantage of the LIFE exemption whereby common shares issued pursuant to the exemption will be freely tradeable listed equity securities not subject to any hold period (see below).
Tectonic Metals Announces C$6,000,000 Private Placement with Strategic Investment by Crescat Capital To Fund The Inaugural 2023 Drilling of Flat Project (newswire.ca)
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