PDMAlso picked up some PDM
Timing is right on this one too!
The Company has issued 2,700,000 flow-through units at a price of $0.13 per unit and 7,855,000 flow-through units at a price of $0.09 per unit (collectively "Unit"). Each Unit is comprised of one common share in the capital of the Company (a "Common Share"), one-half of one Common Share purchase warrant (each whole warrant a "Warrant") exercisable for 24 months from closing. The Warrants are subject to a four-month hold period in Canada from the closing date, acceleration and customary capital adjustments.
Derrick Weyrauch, President and CEO commented "This financing provides a measured approach to test the compelling, Smoke Lake drill target, located near Marathon, Ontario, Canada, and helps preserve existing 'hard dollar' cash resources for drilling at the palladium dominant LK project in Finland, where drilling was suspended due to Covid-19."