HOME
  • CORPORATE Management & Directors Advisory Board Corporate Contacts
  • PROJECTS Dixie HaloGalway Gold
  • INVESTORS Latest Release Past News Stock Info Investor Media Mailing List
  • CONTACT
    TSX-V BTU
    LAST $0.080.00
    VOLUME 185,600

    Past News

    BTU CLOSES FINANCING

    VANCOUVER, BC / ACCESSWIRE / March 29, 2019 / BTU METALS CORP. ("BTU" or the "Company") (BTU-TSX-V) is pleased to announce that further to its press release dated March 14th, 2019 the Company has closed the non-brokered private placement. The total raised in the financing issuing 9,000,000 units (the "Units") at a price of $0.10 per Unit for aggregate gross proceeds of $900,000.00.

    Each Unit is comprised of one common share (a "Share") and one half of one Share purchase warrant (a "Warrant") of the Company. Each full Warrant will entitle the holder to purchase one Share (a "Warrant Share") at a price of $0.15 per Warrant Share for a 24 month period after the Closing Date. Finders' fees of $20,320.00 and 203,200 broker warrants were paid to arm's length parties. The shares and warrants comprising the units are subject to a 4 month hold period expiring July 30th, 2019.

    Proceeds raised will be used for general corporate purposes and for advancing the Company's Dixie Halo Property in Red Lake, Ontario.

    Michael England, President, Director

    FOR FURTHER INFORMATION, PLEASE CONTACT:

    Telephone: 1-604-683-3995
    Toll Free: 1-888-945-4770

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    Back to Past News
    X

    NEVER MISS AN UPDATE

    Subscribe to our mailing list to receive news releases and other materials related to BTU Metals Corp. Your email will never be shared and you can opt out at any time.

    Thanks but I'm not interested.