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EEE Exploration (EEE-Cse) Closes PP Financing
Sept 1st 2022 - NR
EEE Exploration has closed its previously announced non-brokered private placement financing (see EEE's press release dated Aug. 4, 2022). Under the fully subscribed financing, EEE raised gross proceeds of $2.7-million through the issuance of 15 million Class A common shares at a price of 10 cents per share and 10 million flow-through shares at a price of 12 cents per FT share. The company intends to use the proceeds from the financing for exploration on its mineral properties and for general working capital.
In connection with the financing, EEE paid aggregate finders' fees of $65,232 and issued an aggregate of 571,800 finders' warrants, each exercisable for one share at an exercise price of 12 cents for one year. The securities issued under the financing are subject to a four-month hold period that expires Jan. 2, 2023, in accordance with applicable Canadian securities laws.
About the Company
EEE Exploration Corp. is a mineral exploration company focused on the acquisition and development of mineral properties containing battery, base, and precious metals. The Company’s flagship asset is its 100% interest in the Golden Moon Property located in northern Quebec, Canada. For further information, please refer to the Company's disclosure record on SEDAR (www.sedar.com) or contact the Company by email at cooper@venturefirst1.com or by telephone at 604.307.8290.
On Behalf of the Board of Directors
Chris Cooper
Chief Executive Officer
604.307.8290 |
