- Turmalina Metals Corp. (TBX) has announced a non-brokered private placement for gross proceeds of up to $4,500,000
- The company will issue up to 10,000,000 units at a price of $0.45 per unit
- The proceeds raised will be used primarily for exploration on the San Francisco and Chanape Projects
- The offering is expected to close on or before March 17, 2023
- Turmalina Metals is an exploration company focused on developing its portfolio of gold-copper-silver projects in South America
- Turmalina Metals Corp. (TBX) opened trading at C$0.55
Turmalina Metals Corp. (TBX) has announced a non-brokered private placement for gross proceeds of up to $4,500,000.
The company will issue up to 10,000,000 units at a price of $0.45 per unit. Each unit will consist of one common share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to acquire one additional share at a price of $0.60 for a period of 24 months.
The company intends to use the proceeds raised for exploration on the San Francisco and Chanape Projects, and general corporate purposes.
The offering is expected to close on or before March 17, 2023.
The offering is being completed under the listed issuer financing exemption, therefore the securities issued will not be subject to a hold period.
Turmalina Metals is an exploration company focused on developing its portfolio of high grade gold-copper-silver projects in South America.
Turmalina Metals Corp. (TBX) opened trading at C$0.55.