MINK Ventures Corporation (TSXV: MINK) has closed the third and final tranche of the non-brokered private placement announced on 21 June 2023. The third tranche raised gross proceeds of C$63,150 from the issuance of 421,000 hard dollar units at a price of C$0.15 per HD Unit.
No flow-through units at a price of C$0.18 per FT Unit were issued in this tranche. The total gross proceeds raised from all tranches of the Private Placement was C$386,659.74. Each HD unit consists of one common share of the company and one common share purchase warrant.
Each HD warrant entitles the holder thereof to acquire one common share of the company for a period of 36 months from the date of issuance at an exercise price of C$0.20 for the first 18 months and an exercise price of C$0.25 for the remaining 18 months. Each FT unit consists of one common share of the company and one common share purchase warrant. Each FT warrant entitles the holder thereof to acquire one common share of the company for a period of 36 months from the date of issuance at an exercise price of C$0.20 for the first 18 months and an exercise price of C$0.25 for the remaining 18 months.
The company paid aggregate finder’s fees for all tranches totalling C$22,080.45 in cash and 140,105 finder’s warrants. Each finder’s warrant entitles the holder thereof to acquire one common share of the company for a period of 36 months from the date of issuance at an exercise price of C$0.20 for the first 18 months and an exercise price of C$0.25 for the remaining 18 months. All finder’s fees are subject to compliance with applicable securities legislation and TSX Venture Exchange policies. All securities issued in this closing of the private placement are subject to statutory four month plus a day, hold periods expiring on 5 December 2023. The private placement remains subject to obtaining final approval of the TSX Venture Exchange.
To read more about this, please visit www.minkventures.com
To read more news, please visit www.theassay.com/news
