View the Canadian Platinum Corp.
DealRoom Private Placement
Mining stocks are cheap. Despite metals prices having advanced in several sectors, the valuations of mining companies have not reflected these gains. That spells opportunity for investors.
For accredited investors wanting to take advantage of this disconnect in valuations, why not get yourself a bonus when acquiring shares: a full warrant with each common share purchased? This is the gist of the new offering from Canadian Platinum Corp. (TSX: V.CPC, Forum).
Canadian Platinum is Stockhouse’s latest offering on the DealRoom. The Company is seeking to raise a maximum of $1,125,000 from the sale of up to 45,000,000 units. The Unit offering price is $0.025. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at an exercise price of $0.05. Warrants remain valid for a period of 24 months from the date of issuance.
The Offering is not subject to any minimum amount of funds. Subject to regulatory approval, CPC reserves the right to increase the size of the Offering to any amount.
Those are the terms of this new DealRoom placement. What about the Company itself?
As its name implies, Canadian Platinum Corp has operations focused on the PGE metals. But CPC has recently diversified into other metals markets: gold, silver, copper, zinc and cobalt. This is a Company that provides broad exposure to metals markets where valuations continue to lag metals prices.
More specifically, Canadian Platinum’s operations are spread across four projects.
- Cook Gold Project (Nevada)
- Whiskey Flat Cu-Zn-Ag-Co Project (Nevada)
- Craig Lake Cu-Zn Project (Saskatchewan)
- Peter Lake Cu-Ni-Co-PGE Project (Saskatchewan)
(Red Rock Mill – Whiskey Flat)
As investors can see, these projects are all located in mining-safe jurisdictions, with mining-friendly state/provincial governments. Canadian Platinum’s President and CEO, Gary Billingsley, explains how the proceeds of this placement will be utilized in the Company’s operations.
The majority of the proceeds from the private placement, will be used to advance both the Cook Gold Project and the Whiskey Flat Cu-Zn-Ag-Co Project. Exploration work is already underway at Cook and funding will be used to complete ground surveys, select drill targets and carry out initial drilling. Whiskey Flat has initial drill targets identified and funding will be used to test those targets.
Gary Billingsley is an experienced mining executive with a mining career that spans more than 40 years. Trained as a professional engineer and geoscientist, Billingsley is also accredited as an accountant. Go to the DealRoom to learn more about this investment opportunity.
Mining companies are on sale, and Canadian Platinum Corp provides investors with a development-stage investment opportunity – with a full warrant – that provides broad exposure to base metals and precious metals markets.
The Stockhouse DealRoom: your destination to participate in exclusive financings, featuring some of the best companies – and deals – currently available on the market.
View the Canadian Platinum Corp.
DealRoom Private Placement
for full details on their current financing opportunity
FULL DISCLOSURE: Canadian Platinum Corp. is a paid client of Stockhouse Publishing.