A Year AgoMy how things have changed. Below is the fund raising a year ago:
The Company closed one private placement of 3,408,909 units at a price of $0.11 per unit for gross aggregate proceeds of $374,980 (the "Quebec FT Offering"). Each unit of the Quebec FT Offering is comprised of one common share of the Company to be issued as a flow-through share (as defined in Subsection 66(15) of the Income Tax Act (Canada)) and Subsection 359.1 of the Taxation Act (Quebec)), and one-half of one non-flow-through share purchase warrant, with each warrant entitling the holder to purchase one additional share (each, a "Warrant Share") (on a non-flow-through basis) at a price of $0.13 per warrant share for a period of two years following the closing of the Quebec FT Offering.
The Company also closed a private placement of 3,000,000 units at a price of $0.10 per unit for gross proceeds of $300,000 (the "National FT Offering"). Each unit of the National FT Offering consists of one common share of the Company to be issued as a flow-through share (as defined in Subsection 66(15) of the Income Tax Act (Canada)), and one-half of one non-flow-through share purchase warrant, with each warrant entitling the holder to purchase one additional Warrant Share (on a non-flow-through basis) at a price of $0.13 per warrant share for a period of two years following the closing of the National FT Offering.
Now raising money at 3.2 cents:
November 18, 2022, VANCOUVER, BC – Musk Metals Corp. (“Musk Metals” or the “Company”) (CSE: MUSK) (OTC: EMSKF) (FSE: 1I30) is pleased to announce the closing of its previously announced non-brokered private placement. (November 2, 2022) The Company has closed 8,068,500 units at a price of $0.032 per unit, for gross proceeds of $258,192. Each Unit consists of one common share of the Company (each, a “Share”) and one Share purchase warrant (each whole warrant, a “Warrant”), with each Warrant entitling the holder to purchase one additional Share (each, a “Warrant Share”) at a price of $0.05 per Warrant Share for a period of five years
The company is a joke. Here comes the dilution.