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York Harbour Metals (CSE: YORK) (OTCQB: YORKF) has announced a non-brokered private placement offering of up to 6,000,000 units at $0.05 per unit, aiming to raise gross proceeds of up to $300,000. Each unit includes one common share and one transferable warrant, exercisable at $0.075 per common share for 5 years from closing. The company’s CEO and President, Blair Naughty, who currently holds a 14.8% stake, is expected to lead the investment, potentially increasing his ownership to approximately 20% upon completion.
York Harbour Metals (CSE: YORK) (OTCQB: YORKF) ha annunciato un’offerta di collocamento privato non intermediazione di fino a 6.000.000 di unità al prezzo di $0,05 per unità, con l’obiettivo di raccogliere un incasso lordo fino a $300.000. Ogni unità comprende una azione ordinaria e un warrant trasferibile, esercitabile a $0,075 per azione ordinaria per 5 anni dalla chiusura. Il CEO e Presidente dell’azienda, Blair Naughty, che attualmente detiene una partecipazione del 14,8%, dovrebbe guidare l’investimento, aumentando potenzialmente la sua proprietà a circa il 20% al completamento.
York Harbour Metals (CSE: YORK) (OTCQB: YORKF) ha anunciado una oferta de colocación privada sin intermediarios de hasta 6,000,000 de unidades a $0.05 por unidad, con el objetivo de recaudar ingresos brutos de hasta $300,000. Cada unidad incluye una acción común y un warrant transferible, ejercitable a $0.075 por acción común durante 5 años a partir del cierre. El CEO y Presidente de la empresa, Blair Naughty, quien actualmente posee un 14.8% de participación, se espera que lidere la inversión, aumentando potencialmente su propiedad a aproximadamente el 20% tras la finalización.
요크 하버 메탈스 (CSE: YORK) (OTCQB: YORKF)는 중개인 없는 비공식 사모 배정의 일환으로 최대 6,000,000 유닛을 단위당 $0.05에 제공한다고 발표했으며, 최대 $300,000의 총수익을 목표로 하고 있습니다. 각 유닛은 1개의 보통주와 5년 동안 행사할 수 있는 $0.075의 가격으로 보통주 1주에 대해 행사 가능한 양도 가능한 워런트를 포함합니다. 현재 14.8%의 지분을 보유한 CEO이자 회장인 블레어 노티(Blair Naughty)가 투자를 주도할 것으로 예상되며, 완료시 소유권을 약 20%까지 증가시킬 수 있습니다.
York Harbour Metals (CSE: YORK) (OTCQB: YORKF) a annoncé une offre de placement privé non intermédiaire allant jusqu’à 6 000 000 d’unités au prix de 0,05 $ par unité, visant à lever des produits bruts allant jusqu’à 300 000 $. Chaque unité comprend une action ordinaire et un bon de souscription transférable, exerçable à 0,075 $ par action ordinaire pendant 5 ans à compter de la clôture. Le PDG et président de l’entreprise, Blair Naughty, qui détient actuellement 14,8 % des parts, devrait diriger l’investissement, augmentant ainsi potentiellement sa participation à environ 20 % une fois l’opération terminée.
York Harbour Metals (CSE: YORK) (OTCQB: YORKF) hat eine nicht vermittelte Privatplatzierung von bis zu 6.000.000 Einheiten zu einem Preis von $0,05 pro Einheit angekündigt, mit dem Ziel, Bruttoeinnahmen von bis zu $300.000 zu generieren. Jede Einheit besteht aus einer Stammaktie und einem übertragbaren Warrant, der für 5 Jahre ab Abschluss zu einem Preis von $0,075 pro Stammaktie ausgeübt werden kann. Der CEO und Präsident des Unternehmens, Blair Naughty, der derzeit 14,8% der Anteile hält, wird voraussichtlich die Investition leiten und könnte seinen Anteil bei Abschluss auf etwa 20% erhöhen.
Positive
- CEO increasing personal investment shows management confidence
- Secured additional funding of $300,000 through private placement
- 5-year warrant term provides long-term financing flexibility
Negative
- Dilution of existing shareholders’ ownership
- Low unit price of $0.05 indicates potential market weakness
- Relatively small financing amount may not be sufficient for long-term needs
Vancouver, British Columbia–(Newsfile Corp. – December 16, 2024) – YORK HARBOUR METALS INC. (CSE: YORK) (OTCQB: YORKF) (the “Company” or “York Harbour“) announces a non-brokered private placement financing of up to 6,000,000 units (“Units“) at $0.05 per Unit for gross proceeds of up to $300,000. Each Unit consists of one common share and one- transferable warrant. Each warrant (a “Warrant“) is exercisable into one common share at $0.075 per common share for 5 years from closing (the “Private Placement“)
The Company anticipates a lead order from Mr. Blair Naughty, CEO and President of the Company, for the Private Placement. Upon completion of the Private Placement, Mr. Naughty’s investment combined with his existing holdings will further increase his equity stake in the Company, currently at 14.8% to approximately 20%. The Company deeply appreciates the backing from all of its strategic shareholders and the broader investment community.
About York Harbour Metals
York Harbour Metals Inc. is a mineral exploration and development company focused on high-grade projects in Newfoundland. The Company has recently closed the first milestone of an Option Agreement with Firetail Resources Limited on the York Harbour Copper-Zinc-Silver Project, located approximately 27 km from Corner Brook, Newfoundland. Additionally, York Harbour holds a 100%-interest in the Bottom Brook Rare Earth Elements Project, covering 15,150 hectares, situated next to the Trans-Canada Highway and only 27 km from a deep-water port at Turf Point, Newfoundland.
On Behalf of the Board of Directors,
“Blair Naughty“
CEO and President
Forward-Looking Statements:
This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this news release are forward-looking statements that involve risks and uncertainties.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.
No securities regulatory authority or stock exchange has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234078
FAQ
What are the terms of York Harbour Metals’ (YORKF) December 2024 private placement?
The private placement offers 6,000,000 units at $0.05 per unit, with each unit consisting of one common share and one transferable warrant exercisable at $0.075 for 5 years, aiming to raise $300,000.
How much will CEO Blair Naughty’s ownership increase after the YORKF private placement?
Blair Naughty’s ownership stake is expected to increase from the current 14.8% to approximately 20% following the private placement completion.
What is the exercise price and term for the warrants in YORKF’s December 2024 offering?
The warrants are exercisable at $0.075 per common share for a period of 5 years from the closing date of the private placement.
How much capital is York Harbour Metals (YORKF) raising in its December 2024 private placement?
York Harbour Metals is raising up to $300,000 through the private placement offering.
