Critical One Energy Closes CDN$5.6 Million Tranche of Flow-Through Private Placement
Critical One Energy closed the first tranche of a non-brokered private placement, issuing 5.1 million flow-through shares at CDN$1.10 per share for gross proceeds of approximately CDN$5.6 million. The company plans to use the funds for Canadian exploration expenses and also granted 950,000 incentive stock options to directors, officers, and consultants at an exercise price of CDN$0.90.
Key figures
- Offering Price
- 1.1
- Shares Offered
- 5116910
- Options granted
- 950000
- Gross proceeds cad
- 5628601
- Finder warrants count
- 302924
- Option exercise price cad
- 0.9
- Tranche 2 target proceeds cad
- 1246399
- Finder warrant exercise price cad
- 1.65
AI analysis
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