Bullboard - Stock Discussion Forum Tectonic Metals Inc V.TECT

Alternate Symbol(s): TETOF

Metals & Mining Gold

Tectonic Metals Inc. is a Canada-based gold exploration company, The Company's principal business activities include the identification, acquisition, and exploration of mineral properties primarily in the United States and Canada. Its projects include Tibbs Gold and Flat Gold. The Tibbs project is located in the Goodpaster Mining District, approximately 175 kilometers (km) southeast of... see more

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TSXV:TECT - Post Discussion

Tectonic Metals Inc > Tectonic Metals Announces C$6,000,000 Private Placement

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Post by Betteryear2 on May 09, 2023 8:31pm

Tectonic Metals Announces C$6,000,000 Private Placement

/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, BC, May 9, 2023 /CNW/ - Tectonic Metals Inc. (TSXV: TECT) (OTCQB: TETOF) (FSE: T15B) ("Tectonic" or the "Company") is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. (the "Lead Agent"), pursuant to which the Lead Agent, on behalf of a syndicate of agents (collectively, the "Agents") will act as lead agent for the Company on a 'best efforts' agency basis in connection with a private placement of units (the "Units") of the Company at a price of C$0.11 per Unit (the "Offering Price") for gross proceeds to the Company of up to C$6,000,000 (the "Offering"). The Offering has been structured to take advantage of the LIFE exemption whereby common shares issued pursuant to the exemption will be freely tradeable listed equity securities not subject to any hold period (see below).

Tectonic Metals Announces C$6,000,000 Private Placement with Strategic Investment by Crescat Capital To Fund The Inaugural 2023 Drilling of Flat Project (newswire.ca)