Minnova (MCI) has closed its previously announced non-brokered private placement for gross proceeds of $299,999.96.
The company issued 2,307,692 common shares on a flow-through basis at a price of $0.13 per FT share.
All securities issued are subject to a four-month hold period.
Minnova paid finder’s fees of $17,549.36 and issued 107,694 broker warrants. Each broker warrant is exercisable into a common share at a price of $0.15 until March 30, 2023.
Minnova wishes to correct the expiry date of the broker warrants issued in connection with a non-brokered private placement on December 8, 2021. The company confirms that the expiry date of the broker warrants is March 8, 2023.
Minnova Corp. is an emerging Canadian gold producer with a focus on incorporating clean energy into the restart plan for the PL Gold Mine.
The company has established a wholly-owned subsidiary, Minnova Renewable Energy, to rapidly develop renewable energy with an initial focus on Hydrogen production and distribution in Manitoba.
Minnova Corp. (MCI) is unchanged on the day, trading at C$0.14 per share at 10:55 am EST.