CMC METALS LTD. ("CMB")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 14, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on November 3, 2023:
Number of Shares: 3,571,400 Flow-Through (FT) shares
Purchase Price: $0.07 per FT share
Warrants: 3,571,400 Non-Flow-Through (NFT) share purchase warrants to purchase 3,571,400 NFT shares
Warrant Exercise Price: $0.10 for a two-year period
Number of Placees: 1 placee
Insider / Pro Group Participation: N/A
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee: $14,999.88 N/A 214,284
Finder's Warrants Terms: Each non-transferable warrant entitles the holder to purchase one common share at the price of $0.10 for period of 2 years from the date of issuance.
The Company issued a news release on November 8, 2023, confirming closing of the private placement. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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