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Lucky Minerals Inc V.LKY

Alternate Symbol(s):  LKMNF

Lucky Minerals Inc. is a Canada-based exploration stage company. The Company is principally engaged in the acquisition, exploration, and evaluation of mineral properties. The Company has option to acquire approximately 100% beneficial and legal interest in the Prudhomme Project located in Northern Quebec, Canada (the Property). The Prudhomme Project is comprised of over 181 claims covering approximately 8,145 hectares, is located in northern Quebec approximately 60 kilometers (km) west Kuujjuak and 40 km south of Tasiujaq.


TSXV:LKY - Post by User

Post by yukon_goldon Sep 17, 2021 10:54pm
235 Views
Post# 33882560

Lucky Closes 2nd and Final Tranche of Private Placement

Lucky Closes 2nd and Final Tranche of Private Placement
Lucky Minerals

 
LUCKY ANNOUNCES CLOSING OF SECOND AND FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT UNITS
 
Vancouver, British Columbia, September 17, 2021 – Lucky Minerals Inc. (TSXV:LKY, OTC:LKMNF, FRA:LKY) Lucky” or the “Company”) is pleased to announce that, further to its news releases dated August 26, 2021 and September 8, 2021, it has completed the second tranche of its private placement (the “Offering”) for gross proceeds of $1,148,000. The second tranche closing consisted of 14,350,000 units (the “Units”) at a price of $0.08 per Unit. Each Unit consists of one common share (“Common Share”) of the Company and one common share purchase warrant (“Warrant”). Each Warrant will entitle the holder to purchase one Common Share at a price of $0.15 exercisable until September 16, 2023. The Company has raised a total of $3,875,840 under the two tranches of the Offering.
 
All of the Common Shares and Warrants issued in connection to the Offering are subject to a statutory hold period expiring four months and one day from the date of issuance.
 
This Offering has received TSXV conditional approval and remains subject to final TSXV approval.
 
In connection to the Tranche 2 part of the Offering, the Company paid finder’s fees in cash of CDN$13,600 and issued 146,125 compensation warrants (the “Compensation Warrants”). Each Compensation Warrant is exercisable into one Share at $0.15 per share until September 16, 2022.
 
The net proceeds of the Offering will be used to complete a 3,000-metre drill program on the Company’s Fortuna Project in Ecuador and for general working capital purposes.
 
About Lucky
Lucky is an exploration and development company targeting large-scale mineral systems in proven districts with the potential to host world class deposits. Lucky owns a 100% interest in the Fortuna Property.
 
The Company’s Fortuna Project is comprised of twelve contiguous, 550 km2 (55,000 Hectares, or 136,000 Acres) exploration concessions. Fortuna is located in a highly prospective, yet underexplored, gold belt in southern Ecuador.
 
Covid-19 Safety Protocols
Lucky has strict rules in place for all workers arriving to and from field sites.  All personnel are tested upon arriving and leaving and are tested every two weeks. All personnel are housed in separate and private accommodations and are isolated from the community.
 
ON BEHALF OF THE BOARD
“Francois Perron” Chief Executive Officer
 
Further information on Lucky can be found on the Company’s website at www.luckyminerals.com and at www.sedar.com, or by contacting Francois Perron, President and CEO, by email at investors@luckyminerals.com or by telephone at (866) 924 6484.


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