RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:bumping on 10 cents news out ...tmas
Temas draws down $214,800 from Crescita equity facility
2021-01-06 18:45 ET - News Release
Mr. Kyler Hardy reports
TEMAS RESOURCES ANNOUNCES DRAW DOWN ON EQUITY FACILITY WITH CRESCITA
Temas Resources Corp. has closed a non-brokered private placement of 300,000 common shares at a price of 71.6 cents per common share. The private placement constituted an initial drawdown of the $5-million equity investment facility with Crescita Capital LLC.
The net proceeds of the private placement will be used for exploration expenses and for general working capital. For more information about the equity investment facility please see the company's press release dated Nov. 30, 2020.
About Temas Resources Corp.
Temas Resources is responding to the growing global demand for iron ore and two strategically important minerals -- titanium and vanadium -- deemed by the U.S. Department of the Interior as critical to U.S. national security and the economy. Temas Resources' first and flagship properties are located in the stable, mining-friendly jurisdiction of Quebec, Canada, bordering Vermont, Maine and New York State, United States, in an area known as the Grenville geological province. The Grenville geological province is home to Lac Tio, the largest solid ilmenite deposit in the world. As a mineral exploration company focused on the acquisition, exploration and development of iron, titanium and vanadium properties, Temas Resources has focused its efforts on advancing two major projects in the Grenville geological province area. The first, the Dab property, is an option for a 100-per-cent interest in 128 contiguous mineral claims that cover 6,813.72 hectares (68.14 square kilometres) within the Grenville geological province. The flagship La Blache property is 100-per-cent ownership of 48 semi-contiguous mineral claims that cover 2,653.25 hectares (26.53 square kilometres) within the Grenville geological province.
We seek Safe Harbor.
© 2021 Canjex Publishing Ltd. All rights reserved.