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Enter Symbol
or Name

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Power Metals Corp
Symbol PWM
Shares Issued 84,163,998
Close 2017-11-20 C$ 0.61
Recent Sedar Documents

Power Metals arranges $750,000 private placement

2017-11-20 16:29 ET - News Release

Mr. Johnathan More reports

Power Metals Corp. has arranged for a non-brokered flow-through private placement with a strategic institutional investor, raising gross proceeds of $750,000 through the issuance of 1,071,428 units at a price of 70 cents per unit. Each unit will be composed of one flow-through common share of the company and a one-half two-year share purchase warrant with each whole warrant entitling the holder to acquire an additional common share of the company at a price of $1.10. The units issued with respect to the financing will be subject to a four-month hold period in accordance with applicable Canadian securities laws. It is anticipated that the private placement will close on or before Nov. 30, 2017.

A 6-per-cent cash finder's fee will be paid in connection with this financing.

Proceeds from the private placement will be used for exploration purposes.

About Power Metals Corp.

Power Metals is a diversified Canadian mining company with a mandate to explore, develop and acquire high-quality mining projects. The company is committed to building an arsenal of projects in both lithium and high-growth specialty metals and minerals. It sees an unprecedented opportunity to supply the tremendous growth of the lithium battery and clean-technology industries.

We seek Safe Harbor.

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