1844 Resources (TSXV:EFF) closes public offering

1844 Resources (EFF) has closed a public offering for aggregate gross proceeds of $508,200The company issued 10,164,000 common shares at a price of $0.05 per shareNet proceeds will be used for ongoing exploration expenditures on the company’s properties1844 is an exploration company with a focus on strategic and energetic metals1844 Resources Inc. (EFF) is unchanged on the day, trading at C$0.04 per share at 2 pm ET

1844 Resources (EFF) has closed a public offering for aggregate gross proceeds of $508,200.

The company issued 10,164,000 common shares at a price of $0.05 per share. 

Leede Jones Gable Inc conducted the offering. It included a syndicate of brokers, including Raymond James Ltd., Richardson Wealth, Echelon Wealth Partners Inc. and Equity Capital Markets Compensation Securities.

The company issued a total of 813,120 non-transferable compensation options and a cash commission of $40,565, and a corporate finance fee of $25,000.

Net proceeds will be used for ongoing exploration expenditures on the company’s properties and general corporate purposes.

1844 is an exploration company with a focus on strategic and energetic metals. The company’s exploration properties include the Vortex, Davidson, Native Copper and Lac Arsenault.

1844 Resources Inc. (EFF) is unchanged on the day, trading at C$0.04 per share at 2 pm ET.

The post 1844 Resources (TSXV:EFF) closes public offering appeared first on The Market Herald.

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