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Enter Symbol
or Name

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Nevada Clean Magnesium Inc
Symbol C : NVM
Shares Issued 183,368,508
Close 2018-09-13 C$ 0.04
Recent Sedar Documents

Nevada Clean arranges $250,000 private placement

2018-09-14 13:13 ET - News Release

Mr. Edward Lee reports


Nevada Clean Magnesium Inc. has arranged a $250,000 non-brokered private placement of units of the company at a price of five cents per unit. The offering is subject to TSX Venture Exchange final acceptance.

The offering

The maximum offering is for gross proceeds of up to $250,000. The offering is not subject to any minimum aggregate subscription. Each unit will consist of one common share in the capital of Nevada Clean Magnesium and one common share purchase warrant. Each warrant will be exercisable into one common share for a period of two years at a price of eight cents per share.

The securities issued in connection with the offering will be subject to a hold period expiring four months and one day from the date of issuance of the securities. The completion of the private placement and payment of any commission and fees remains subject to the receipt of all necessary approvals, including the approval of the TSX-V. Proceeds from the offering will be used for working capital.

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