Salazar Resources Announces Non-Brokered Private Placement of Up to $3.5 Million
Salazar Resources has arranged a non-brokered private placement of up to 10 million units at $0.35 per unit, targeting gross proceeds of up to $3.5 million. Each unit includes one common share plus one-half of a share purchase warrant, with whole warrants exercisable at $0.60 for two years from closing. Insiders may participate and finders' fees may be paid on a portion of the deal. Net proceeds are earmarked for working capital and exploration, with all securities subject to a four-month hold period and TSX Venture Exchange acceptance.
Key figures
- Deal Value Usd
- 3500000
- Offering Price
- 0.35
- Shares Offered
- 10000000
- Structure
- non-brokered private placement units (one share + one-half warrant each)
- Hold period
- four months
- Warrant term
- two years from closing
- Warrants per unit
- one-half warrant
- Warrant exercise price
- 0.6
AI analysis
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