Viridian Metals Announces Private Placement of up to $5.0 Million of Flow-Through and Hard Dollar Units
Viridian Metals announced a non-brokered private placement of up to $5.0 million, split between flow-through units at $0.80 and hard-dollar units at $0.68, each with half a 24-month warrant. FT proceeds fund eligible Canadian exploration expenses on the Kraken and/or Sedna projects in Labrador, renounced by December 31, 2026; HD proceeds go to general corporate and working capital purposes. Management says the raise funds drilling needed to support a maiden mineral resource estimate at Kraken in 2027, with a possible PEA evaluated alongside it.
Key figures
- Deal Value Usd
- 5000000
- Offering Price
- FT Units $0.80; HD Units $0.68
- Structure
- non-brokered private placement, FT and hard-dollar units, half-warrant per unit
- Warrant term months
- 24
- Ft warrant exercise price
- 1.25
- Hd warrant exercise price
- 1.05
- Ft warrant acceleration trigger
- 1.5
- Hd warrant acceleration trigger
- 1.85
AI analysis
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