First Phosphate Announces Non-Brokered Private Placement to Accommodate Existing Investors
First Phosphate announced a non-brokered private placement to raise a minimum of $5 million from existing investors. The offering consists of Hard Dollar Units and Flow-Through Shares, both priced at $2.00. Each Hard Dollar Unit includes one common share and one warrant exercisable at $2.50. The company will pay finders' fees of up to 8% in cash and warrants, which increases the effective dilution.
Key figures
- Deal Value Usd
- 5000000
- Offering Price
- 2
- Shares Offered
- variable
- Warrant expiry
- December 31, 2026
- Finder fee percent
- 8%
- Flow through price
- 2
- Warrant exercise price
- 2.5
AI analysis
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