The latest offering on the Stockhouse DealRoom is a publicly-traded, Edmonton, AB-based resource company engaged in the acquisition, generation, exploration, and development of significant gold discoveries in the historic and mining-friendly precious metals producing state of Nevada. In fact, Nevada produces more gold per square kilometer than any other mining jurisdiction in the world!
Cortus Metals Inc. (
TSX-V.CRTS.P,
Forum) with experienced management and a thorough approach to its multiple exploration projects, the Company is a true first mover with significant property positions, proprietary data, systematic methodology, and an innovative junior strategy. And with
23-plus project areasunder option, and potential for discoveries of
over one million ounces, Cortus Metals looks like a smart value buy few others in the junior metals & mining space can match.
The Company’s extensive portfolio is situated near past and present producing mines and known deposits while it continues to generate and acquire more projects at low cost. Cortus Metals’ business model identifies gold and silver prospects with high potential for discovery; adds value with technical, corporate and marketing expertise; and leverages third-party spending to advance multiple targets to fruition, while retaining an interest through royalties, options payments and joint ventures with the goal of delivering significant returns for investors, including Management.
President & CEO, Sean Mager – an industry veteran with more than 20 years mining sector experience with 15-plus public companies worldwide and current CFO of Benchmark Metals Inc. – detailed the Company’s history and why this raise is a great opportunity for investors to get in on an early stage gold explorer:
“Cortus is Latin for birth; the process of coming into being, breaking out and rising up. With great expectations, we are now pleased to offer early-stage investors the right strategy, at the right time, in the right place, for the right price to capitalize on the strengthening gold market.”
He went on to explain how all of the current gold market metrics are pointing in the direction of a potential USD$2000/oz bull market moving forward through 2020 and beyond:
“The surging bull market for gold and gold stocks is the perfect opportunity for this venture, providing junior miners with access to capital and investors with access to windfall. Cortus Metals is a new company with a new methodology for generating significant new gold discoveries in Nevada, a prolific and perennially top-ranked mining jurisdiction.”
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Here’s the Deal:
Cortus Metals Inc. is in the final stages of a Qualifying Offer with the TSX-V. Part of the award-winning Metals Group, they’re a new project generator with a focus on significant gold discoveries in Nevada.
The Company intends to raise aggregate gross proceeds of $1,250,000 to $2,100,000 through the issuance up to 14,000,000 units at a price of $0.15 per unit, subject to the approval of the TSX Venture Exchange (TSX-V). Each unit will comprise one post-split common share and one share purchase warrant to acquire a further post-Split common share at a price of $0.20 per share for a period of 24 months. The warrants will be subject to an accelerated expiry provision such that if the closing price of the Company’s common shares is equal to or greater than $0.25 for a period of five consecutive trading days (at any time at or following the expiry of the four months resale restriction period), the Company may, by notice to the warrant holder in writing or via press release reduce the remaining exercise period applicable to the warrants to not less than 30 days from the date of such notice.
Highlights:
- Issuance up to 14,000,000 units
- $0.15 per Unit
- Up to $2,100,000
- Proceeds from this financing will be used to fund the Qualifying Transaction.
- The Common Shares will be listed on the TSX Venture Exchange under the symbol “CRTS”.
- The Common Shares will be offered by private placement only (and without the use of an offering memorandum as defined in OSC Rule 14-501).
- No prospectus will be filed with any securities regulatory authority to qualify the Common Shares for distribution to the public.
- Securities issued pursuant to the Offering shall be subject to a four-month hold period commencing on the Closing Date (as defined below) under applicable Canadian securities laws.
- The Offering remains subject to the receipt of all applicable board and regulatory approvals, including without limitation, the approval of the TSX Venture Exchange (TSX-V).
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For experienced retail and institutional investors this opportunity equates to a “ground floor” opportunity.
Cortus Metals’ DealRoom financing provides access to a company with well-positioned projects in a mining-friendly jurisdiction and an experienced management team.
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FULL DISCLOSURE: Cortus Metals Inc.is a paid client ofStockhouse Publishing Ltd. (Stockhouse). Stockhouse is not registered as a broker, dealer, exempt market dealer, or any other registrant in any securities regulatory jurisdiction and will not be performing any registerable activity as defined by the applicable regulatory bodies. This deal room is for informational purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. Offers to sell, or the solicitations of offers to buy, any security can only be made through official offering documents that contain important information about risks, fees, and expenses. The information contained in this deal room is selective and does not purport to contain all the information relating to Cortus Metals Inc.In all cases, parties should conduct their own investigation and due diligence, not rely solely on the data provided herein and are encouraged to consult with a financial adviser, lawyer, accountant, and any other professional that can help to understand and assess the risks associated with any investment opportunity.