Full Metal Minerals (FMM-V) Closing Of First Tranche Of PP In Trust
Mar 9, '21 - NR
Further to its press releases disseminated on April 20, 2018, Oct. 8, 2020, and Dec. 24, 2020, Full Metal Minerals Ltd. has closed the first tranche of its non-brokered private placement in trust, pending final approval from the TSX Venture Exchange, for gross proceeds of $1.6-million. The company issued 20 million common shares in the capital of the company priced at eight cents per share under the private placement.
All securities issued under the private placement are subject to a four-month-and-one-day hold period. The proceeds of the private placement will be held in trust, pending final approval of the TSX-V for the private placement.
The company intends to use the proceeds of the private placement primarily for exploration expenses, project evaluation and due diligence related to the property, along with general and administrative expenses and working capital. No finders' fees were paid under the first tranche of the private placement.
The Company intends to complete the transactions contemplated in this press release approximately concurrently.
ON BEHALF OF THE BOARD OF DIRECTORS
“Peter Voulgaris”Peter Voulgaris
President/CEO and Director
For more information please contact:
Peter Voulgaris 604-484-7855
Suite 1500, 409 Granville Street,
Vancouver, BC
V6C 1T2
Telephone: 604-484-7855
Fax: 604-484-7155
Email info@fullmetalminerals.com
www.fullmetalminerals.com |
