Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Silver Bull Resources, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (5549)	12/27/2021 11:13:19 AM
From: FreedomForAll	Read Replies (1) \| Respond to of 5637

Arras Announces Private Placement for Gross Proceeds of C$10M arrasminerals.com (news release pdf) VANCOUVER, British Columbia, Dec. 20, 2021 (GLOBE NEWSWIRE) -- Arras Minerals Corp. (“Arras”) is pleased to announce that it has completed a private placement, whereby the Company issued 9,994,000 common shares (the “Shares”) at a price of C$1.00 per Share for aggregate gross proceeds of C$9,994,000 (the “Private Placement”). Directors and management (and their affiliates) of the Company purchased 365,000 Shares (C$365,000) in the Private Placement. The net proceeds of the Private Placement will be used by Arras to fund exploration activities, technical studies and permitting on the Beskauga project, which the Company holds an option to purchase agreement on, and other exploration activities in Kazakhstan, as well as for general and working capital purposes in managing the Kazakhstan projects. All securities issued pursuant to the Private Placement are subject to a hold period under applicable Canadian securities laws, which will expire four months plus one day from the date of closing of the Private Placement and will be restricted securities for purposes of U.S. securities laws. Darren Klinck, President stated, “We are very pleased with the support we have received in this private placement financing from current shareholders and welcome many new shareholders to Arras. Our drilling and technical activities in Kazakhstan are continuing as planned and we have established a full compliment of technical professionals to drive the programs forward into 2022.” About Arras Minerals Corp. Arras is a British Columbia incorporated company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Beskauga copper-gold project, over which it holds an option to purchase from Copperbelt AG (“Copperbelt”), a public, non-listed mineral exploration company registered in Zug, Switzerland. On behalf of the Board of Directors "Tim Barry" Tim Barry, CPAusIMM Chief Executive Officer and Director ==================================================================== Prior to this sale OS shs were about 41,128,378 After this sale OS shs about 51,122,378 Valued by the sale at $0.78 USD per share