Nitinat Announces Private Placement
02 June 2018 - 8:43AM
Nitinat Minerals Corp. (the “Corporation”) (TSX.V:NZZ)
(Frankfurt:04U1) is pleased to announce that it intends to raise
gross proceeds of up to $6000,000 through a non-brokered private
placement of up to 5 million units (the “Units”) of the Corporation
at a price of $0.12 per Unit. Each Unit will consist of one (1)
common share and one (1) common share purchase warrant (“Warrant”).
Each Warrant will entitle the holder to purchase one (1) common
share for a period of two (2) years from date of issuance at an
exercise price of $0.15 per Warrant.
The non-brokered private placement is subject to
all necessary regulatory approvals. The securities being issued in
the private placement will be subject to a four-month hold period
in accordance with applicable Canadian securities laws. The
Corporation intends to use the net proceeds for general working
capital.
The Corporation will not be proceeding with the
proposed private placement of common shares as announced in its
press release of May 7, 2018.
Corporation contact:
Herb Brugh, President and DirectorTel:
416.216.0964
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward Looking Statements
This news release contains “forward-looking
statements” within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian
securities legislation. Generally, these forward-looking statements
can be identified by the use of forward-looking terminology such as
“plans”, “anticipated”, “expects” or “does not expect”, “is
expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates” or “does not anticipate”, or “believes”,
or variations of such words and phrases or state that certain
actions, events or results “may”, “could”, “would”, “might” or
“will be taken”, “occur” or “be achieved”. Nitinat is subject to
significant risks and uncertainties which may cause the actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward looking statements contained in this
release. Nitinat cannot assure investors that actual results will
be consistent with these forward-looking statements and Nitinat
assumes no obligation to update or revise the forward-looking
statements contained in this release to reflect actual events or
new circumstances.
Nitinat Minerals (TSXV:NZZ)
Historical Stock Chart
From Nov 2024 to Dec 2024
Nitinat Minerals (TSXV:NZZ)
Historical Stock Chart
From Dec 2023 to Dec 2024
Real-Time news about Nitinat Minerals Corporation (TSX Venture Exchange): 0 recent articles
More News Articles