Grat.V to $1.40 based on the report TORONTO, ON / ACCESSWIRE / December 15, 2021 / Gratomic Inc. ("Gratomic", "GRAT" or the "Company") (TSXV:GRAT)(OTCQX:CBULF)(FSE:CB82) announces a non-brokered private placement offering consisting of up to 14,300,000 working capital units ("WC Units") priced at $1.40 per WC Units for gross proceeds of up to $20,020,000 (the "Offering").
(it isn;t at a discounted)
Proceeds from the Offering will be used for operating capital for the Company's Aukam Project ($14 million), exploration for the Company's Capim Grosso Property ($5 million) and general working capital ($2 million). The Offering is subject to TSX Venture Exchange approval. The securities issued will be subject to a four-month and one day hold period.