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Bullboard - Stock Discussion Forum Coniagas Battery Metals Inc. V.COS

Alternate Symbol(s):  CNBMF

Coniagas Battery Metals Inc. is a Canada-based exploration and mining company. The Company is focused on nickel, copper, and cobalt in northern Quebec. It is advancing Graal Nickel & Copper Project. The Graal Nickel & Copper Project (the Property) is located in the north of Saguenay Lac St-Jean region. It is comprised of 110 map-designed claims covering 6,113 hectares. The Property is also... see more

TSXV:COS - Post Discussion

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Post by dothemathpeople on Sep 05, 2024 11:34am

Hmmmm

Of the 3,201,166 units to be issued at the first closing, 1,272,000 units will each comprise a common share that will qualify as a flow-through share as defined in the Income Tax Act (Canada) and one-half of a common share purchase warrant, representing gross proceeds of $152,640.

Coniagas also announces that it has extended the final closing date of the private placement to Sept. 30, 2024. 3rd extension?

As previously announced, the private placement consists of a maximum of five million units at a price of 12 cents per unit for maximum gross proceeds of $600,000.

Coniagas will use the proceeds from the private placement of the flow-through units for exploration on the Graal property in Quebec, as well as for metallurgical test work, and will use the net proceeds from the private placement of the non-flow-through units for working capital.

So $152k net, minus finance fees, to be used for exploration ++.  The majority, for WC.  Amazed they still got $0.12/share/unit.

Comment by dothemathpeople on Sep 13, 2024 8:22am
I see Frank Basa is doing Stockhouse videos.  That is a tout.  Stockhouse is paid for their "coverage", and might have even participated in some way, in one of the financings.  Mutual back scratching.  But Coniagas really has nothing to say.  And where si Gino Chittaroni?  Does Frank run ALL these companies?  Cause the set up is the same with all these ...more  
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