no warrants?I'll be honest, I don't know how flow-through shares differ from regular common shares. I will google it.
No warrants? Nie that this was done at a 5 cent premium to recent trading.... that's good ...right?
DEFENSE METALS CORP. CLOSES PRIVATE PLACEMENT FINANCING
News Release - Vancouver, British Columbia – November 20, 2020: Defense Metals Corp. (“Defense Metals” or the “Company”) (TSX-V: DEFN/ DFMTF: OTCQB / 35D: FSE) is pleased to announce that it has closed a non-brokered private placement of 800,000 flow-through common shares (“FT Shares”) at a price of $0.25 per FT Share for gross proceeds of $200,000 (the “FT Private Placement”).
All securities issued in connection with the private placements are subject to a four month hold period from the closing date in accordance with applicable securities laws.
The proceeds from these private placements will be used on the Company’s Wicheeda rare earth element project located in Prince George, British Columbia.