Dr. Jaap Verbaas reports
CAVU ENERGY METALS ARRANGES $1 MILLION FLOW-THROUGH PRIVATE PLACEMENT
Cavu Energy Metals Corp. intends to complete a non-brokered private placement of flow-through units of the company at 30 cents per FT unit for gross proceeds of up to $1-million.
Each FT unit will consist of one common share, issued on a flow-through basis pursuant to the Income Tax Act (Canada), and one-half of one common share purchase warrant. Each warrant will be exercisable at 50 cents per share for a period of two years from the date of issuance. All securities issued under the private placement will be subject to a four-month-and-one-day statutory hold period.
Finder's fees may be payable in accordance with the policies of the Canadian Securities Exchange. The gross proceeds from the private placement will be used for Canadian exploration expenses, and will qualify as flow-through mining expenditures, as defined in the Income Tax Act (Canada).
About Cavu Energy Metals Corp.
Cavu Energy Metals is a mining company engaged in the acquisition, exploration and development of mineral projects containing metals used in green technologies and the renewable energy sector. The company is currently focused on the exploration of its Hopper copper-gold project in Yukon and the recently acquired Star copper-gold porphyry project in British Columbia.
We seek Safe Harbor.
© 2023 Canjex Publishing Ltd. All rights reserved.