First Phosphate Closes Oversubscribed Private Placement to Existing and Follow-on Investors
First Phosphate closed an oversubscribed private placement raising $15.4 million from existing and follow-on investors. The offering consisted of 1.43 million Hard Dollar Units and 6.28 million Flow-Through Shares, both priced at $2.00 per unit/share. Chairman Laurence Zeifman participated by purchasing 50,000 Flow-Through Shares, signaling insider confidence.
Key figures
- Deal Value Usd
- 15420640
- Offering Price
- 2
- Finders fee
- 156880
- Hard dollar units
- 1432750
- Compensation shares
- 322920
- Flow through shares
- 6277570
- Compensation warrants
- 401360
- Warrant exercise price
- 2.5
- Total capital raised since 2022
- 78000000
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