First Phosphate Closes Final Tranche of Oversubscribed Private Placement
First Phosphate closed the final tranche of an oversubscribed non-brokered private placement, raising aggregate gross proceeds of $17.7M across two tranches. Since June 2022, the company has raised approximately $80.2M through management-led financings and warrant exercises to support its mine-to-market phosphate supply chain strategy.
Key figures
- Deal Value Usd
- 17698290
- Kent rsus grant
- 51134
- Kent options grant
- 300000
- Tranche 2 proceeds
- 2277650
- Kent options strike
- 2
- Finder fees total cash
- 168880
- Total hard dollar units
- 1611075
- Finder fees total shares
- 330960
- Total flow through shares
- 7238070
- Total hard dollar proceeds
- 3222150
- Total flow through proceeds
- 14476140
- Total raised since jun 2022
- $80.2 million
AI analysis
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