Bullboard - Stock Discussion Forum Velox Energy Materials Inc CUIRF

Primary Symbol: V.VLX

Metals & Mining Industrial Metals & Minerals

Velox Energy Materials Inc. is a Canada-based energy materials company, which is engaged in developing and progressing high-value assets in resource and research- friendly jurisdictions. The Company is focused on energy materials solutions for the global transition to net zero. The Company is focused on the advanced North Queensland Vanadium (NQV) project in Queensland, Australia. Its NQV... see more

Add To Watchlist

TSXV:VLX - Post Discussion

Velox Energy Materials Inc > Well Coming And A Drilling We GO .

View:

Post by Goldy63 on Dec 02, 2021 11:28am

Well Coming And A Drilling We GO .

Things are moving along . With the PP news today its going to be a huge play. Vanadium is the place to be . Plenty of info posted why IMO CUI is going to be a big player in the EV industry . Even a beauty excelleration clause in there so yup manegment must expect some huge gains down the road . Bring it on . Da News. Toronto, Ontario--(Newsfile Corp. - December 2, 2021) - Currie Rose Resources Inc. (TSXV: CUI) ("Currie" or the "Company") is pleased to announce a non-brokered private placement (the "Offering") for gross proceeds of up to C$1,100,000 from the sale of up to 22,000,000 units of the Company (each, a "Unit") at a price of C$0.05 per Unit (the "Offering Price"). Red Cloud Securities Inc. will be acting as a finder on behalf of the Company in relation to the Offering.

Each Unit will consist of one common share of the Company (each, a "Unit Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one common share of the Company (each, a "Warrant Share") at a price of C$0.10 for a period of 24 months following the closing date of the Offering. If the volume-weighted average price of the common shares of the Company on the TSX Venture Exchange over the preceding 20 trading days is greater than C$0.25, the Company can elect to accelerate the term of the Warrants to 30 calendar days following the date a press release announcing the notice of acceleration is provided.

The net proceeds raised the Offering will be used for the exploration of the Company's recently acquired North Queensland Vanadium Project located in Queensland (Australia) as well as for general working capital purposes.