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Serra Energy Metals Corp C.SEEM

Alternate Symbol(s):  ESVNF

Serra Energy Metals Corp. is a Canada-based company, which is focused on the exploration and development of green metal projects, primarily in Brazil. The Company’s main interest lies in the exploration of nickel, copper, cobalt, and lithium, with an emphasis on identifying and investigating exploration targets that are drill-ready and are situated near infrastructure. The Company operates in Brazil, a rising hub for green metals with numerous active copper, nickel, and lithium mines. Its Santa Luz Property comprises four mineral tenements covering approximately 8,000 hectares in Bahia state, Brazil. The tenements, which contain pegmatites, have the potential to host spodumene mineralization. The Santa Luz tenements are located approximately 20 kilometers (km) northwest of the city of Santa Luz and 273 km from the city of Salvador on the coast of Brazil. The property is also located 25 km southwest of Equinox Gold Corp.’s producing Santa Luz gold mine.


CSE:SEEM - Post by User

Serra Energy Metals Corp > Placement
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Comment by AlwaysLong683on Jun 16, 2021 10:57am
100 Views
Post# 33395092

RE:RE:Placement

RE:RE:Placement


Why are guys paying $1.50 for this when the placement is down at $1. Doesn't it have to be within a certain percentage price wise of the placement price under the SEC regulations to get the financing closed? Or was I misinformed? I didn't think the SEC would accept a financing at a $1 if the price of the stock was say $1.50

[/quote]

mega, the SEC is an American regulator.

Canada's securities industry is presided over by provincial / territorial bodies with the Canadian Securities Administration  trying to bring them together on various standards / regulations.

I don't know if there are any regulations regarding a maxium allowable spread between the share issue price and the current share price, but as I explained in another post today on this BB, I think the deal is reasonable given the rather unique circumstances of the past two days.


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