RETRANSMISSION: Perseverance Metals Closes $11.8M Non-Brokered Private Placement
Perseverance Metals closed an $11.8 million non-brokered private placement of 18,121,426 shares at $0.65 per share. The raise drew significant participation from Teck Resources, Altius Minerals, Crescat Capital and Quebec mining fund NQIM, which management framed as an endorsement of the recent Osprey discovery. Proceeds will fund the ongoing drill campaign at the Voyageur project in Michigan's Upper Peninsula plus exploration at Lac Gayot, Quebec and Armit Lake, Ontario.
Key figures
- Offering Price
- 0.65
- Shares Offered
- 18121426
- Finders warrants
- 65450
- Finder commissions
- 42543
- Warrant term months
- 24
- Warrant exercise price
- 0.65
- Insider shares purchased
- 92300
AI analysis
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