Bullboard - Stock Discussion Forum Altair Resources Inc V.AVX

Alternate Symbol(s): AAEEF

Metals & Mining Industrial Metals & Minerals

Altair Resources Inc. is a Canada-based gold and precious metal exploration company. The Company is engaged in the acquisition, exploration and development of mineral properties, with a primary focus on gold and silver. It is focused on targeting the acquisition and development of gold projects in Burkina Faso and advancing with its Simon project in Nevada. Burkina Faso is focused on gold... see more

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TSXV:AVX - Post Discussion

Altair Resources Inc > Altair Resources arranges $500,000 placement at 0.05¢

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Post by Traderstock101 on May 26, 2021 8:55am

Altair Resources arranges $500,000 placement at 0.05¢

2021-05-26 06:31 ET - News Release

Mr. George Young reports

ALTAIR ANNOUNCES FINANCING

Altair Resources Inc. will conduct a non-brokered private placement financing of up to 10 million units at five cents per unit to raise gross proceeds of $500,000. Each unit will comprise one common share and one common share purchase warrant. Each warrant entitles the holder to purchase an additional share for a period of two years at a price of 10 cents. Each warrant will be subject to a forced conversion once the shares trade above a weighted average trading price of 25 cents per common share for any 20 consecutive trading days commencing at any time after closing. The expiry date of the warrants will then be 30 days from the date of issue of a news release announcing the forced conversion.

Proceeds from the financing will be used for working capital purposes. A finder's fee may be payable on a portion of this financing. The financing is subject to acceptance of filings with the TSX Venture Exchange.

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