01:39:28 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



NRG Metals Inc
Symbol NGZ
Shares Issued 33,197,885
Close 2016-05-12 C$ 0.12
Market Cap C$ 3,983,746
Recent Sedar Documents

NRG Metals closes $250,000 private placement

2016-05-12 20:04 ET - News Release

Mr. Adrian Hobkirk reports

NRG METALS ANNOUNCES COMPLETION OF PRIVATE PLACEMENT

NRG Metals Inc., further to its news release of April 5, 2016, has completed a non-brokered private placement of five million units issued at a price of five cents per unit, raising gross proceeds of $250,000. Each unit consists of one common share and one transferable common share purchase warrant of the company, with each warrant exercisable for a period of three years from the closing date at a price of 10 cents per share.

The proceeds of the private placement will be used for evaluating the LAB graphite project located in Quebec, Canada, and to expand the Groete gold-copper deposit located in Guyana, South America, as detailed in the March 3, 2016, news release and for general working capital. All securities issued pursuant to the private placement are subject to a four-month hold period. The material change report filed in connection with the private placement will be filed less than 21 days prior to the closing of the private placement. The shorter period was necessary in order to permit the company to close the private placement in a time frame consistent with usual market practice for transactions of this nature.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.