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Nine Mile Metals (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) has announced its intention to complete a private placement to raise up to $250,000. The company plans to issue up to 6,250,000 units at $0.04 per unit. Each unit comprises one common share and half a warrant, with each full warrant allowing the purchase of an additional common share at $0.08 within 24 months of issuance.
Finders may receive a 7% cash commission and 7% warrants for introducing subscribers. The proceeds will be used for operating expenses, including legal and audit fees, and general working capital. All securities issued will be subject to a four-month and one-day hold period.
Nine Mile Metals (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) ha annunciato la sua intenzione di completare un collocamento privato per raccogliere fino a $250.000. L’azienda prevede di emettere fino a 6.250.000 unità a $0,04 per unità. Ogni unità consiste in un’azione ordinaria e metà di un warrant, con ogni warrant intero che consente l’acquisto di un’ulteriore azione ordinaria a $0,08 entro 24 mesi dall’emissione.
I procacciatori possono ricevere una commissione in denaro del 7% e warrant del 7% per aver presentato gli abbonati. I proventi saranno utilizzati per le spese operative, inclusi costi legali e di revisione, e capitale di lavoro generale. Tutti i titoli emessi saranno soggetti a un periodo di blocco di quattro mesi e un giorno.
Nine Mile Metals (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) ha anunciado su intención de completar una colocación privada para recaudar hasta $250,000. La empresa planea emitir hasta 6,250,000 unidades a $0.04 por unidad. Cada unidad consiste en una acción ordinaria y medio warrant, con cada warrant completo que permite la compra de una acción ordinaria adicional a $0.08 dentro de los 24 meses posteriores a la emisión.
Los promotores pueden recibir una comisión en efectivo del 7% y warrants del 7% por presentar suscriptores. Los ingresos se utilizarán para gastos operativos, incluidos honorarios legales y de auditoría, y capital de trabajo general. Todos los valores emitidos estarán sujetos a un período de bloqueo de cuatro meses y un día.
나인 마일 메탈즈 (CSE: NINE, OTCQB: VMSXF, FSE: KQ9)는 최대 $250,000를 모금하기 위한 사모 배정을 완료할 계획을 발표했습니다. 회사는 6,250,000단위를 단위당 $0.04에 발행할 예정입니다. 각 단위는 일반 주식 1주와 반 개의 워런트로 구성되며, 각 전체 워런트는 발행일로부터 24개월 이내에 추가적으로 $0.08에 일반 주식 1주를 구매할 수 있도록 합니다.
발견자는 구독자를 소개하는 대가로 7% 현금 수수료와 7% 워런트를 받을 수 있습니다. 수익금은 운영 비용, 법률 및 감사 비용, 일반 운영 자본에 사용됩니다. 발행된 모든 증권은 4개월 1일의 보유 기간을 따르게 됩니다.
Nine Mile Metals (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) a annoncé son intention de réaliser un placement privé pour lever jusqu’à $250,000. La société prévoit d’émettre jusqu’à 6,250,000 unités à $0.04 par unité. Chaque unité se compose d’une action ordinaire et d’un demi-bons, chaque bon complet permettant l’achat d’une action ordinaire supplémentaire au prix de $0.08 dans les 24 mois suivant l’émission.
Les apporteurs d’affaires peuvent recevoir une commission en espèces de 7% et 7% en bons pour avoir présenté des abonnés. Les recettes seront utilisées pour les dépenses opérationnelles, y compris les frais juridiques et d’audit, ainsi que pour le fonds de roulement général. Tous les titres émis seront soumis à une période de blocage de quatre mois et un jour.
Nine Mile Metals (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) hat seine Absicht angekündigt, eine Privatplatzierung abzuschließen, um bis zu $250.000 zu sammeln. Das Unternehmen plant, bis zu 6.250.000 Einheiten zu einem Preis von $0,04 pro Einheit auszugeben. Jede Einheit besteht aus einer Stammaktie und einem halben Warrant, wobei jeder vollständige Warrant den Kauf einer zusätzlichen Stammaktie zu $0,08 innerhalb von 24 Monaten nach der Ausgabe erlaubt.
Vermittler können eine 7%ige Barkommission und 7% Warrants für die Einführung von Abonnenten erhalten. Die Erlöse werden für Betriebskosten, einschließlich Rechts- und Prüfungsgebühren, sowie für das allgemeine Betriebskapital verwendet. Alle ausgegebenen Wertpapiere unterliegen einer vier monatigen und einen Tag dauernden Haltedauer.
Positive
- Potential to raise up to $250,000 in additional capital
- Warrants provide potential for future capital at $0.08 per share
- Funds to be used for operating expenses and working capital
Negative
- Dilution of existing shareholders’ ownership
- Low unit price of $0.04 may indicate financial pressure
- Additional shares and warrants may put downward pressure on stock price
Vancouver, British Columbia–(Newsfile Corp. – August 30, 2024) – NINE MILE METALS LTD. (CSE: NINE) (OTCQB: VMSXF) (FSE: KQ9) (the “Company” or “Nine Mile“) announces its intention to complete a private placement for proceeds of up to $250,000 (the “Private Placement“).
The Private Placement will consist of the sale of up to 6,250,000 units (each a “Unit“) at a price of $0.04 per Unit. Each Unit will be comprised of one common share (a “Common Share“) and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a “Warrant“), with each Warrant entitling the holder thereof to acquire one Common Share in the capital of the Company at a price of $0.08 per Common Share for a period of 24 months from the date of issuance.
In consideration for their services in introducing subscribers to the Company under the Private Placement, finders may receive commission of 7% cash and 7% common share purchase warrants, exercisable to purchase one common share at a price of $0.08 for a period of 24 months.
The Company intends to use the proceeds for operating expenses, including legal and audit fees and general working capital.
All securities issued in the private placement will be subject to a four month and a day hold period.
About Nine Mile Metals Ltd.:
Nine Mile Metals Ltd. is a Canadian public mineral exploration Company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the renowned Bathurst Mining Camp (BMC), located in New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS Project, California Lake VMS Project, the Canoe Landing Lake (East – West) VMS Project, and the Wedge VMS Project. The Company is focused on Critical Minerals Exploration, positioning itself for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge on Gold.
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) the Company will close the private placement for proceeds of up to $250,000; and (b) the Company will use the proceeds as described above. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221701
FAQ
What is the size and price of Nine Mile Metals’ (VMSXF) private placement announced on August 30, 2024?
Nine Mile Metals announced a private placement to raise up to $250,000 by issuing up to 6,250,000 units at $0.04 per unit.
What does each unit in Nine Mile Metals’ (VMSXF) private placement consist of?
Each unit consists of one common share and one-half of one common share purchase warrant, with each full warrant allowing the purchase of an additional share at $0.08 for 24 months.
How will Nine Mile Metals (VMSXF) use the proceeds from the August 2024 private placement?
The company intends to use the proceeds for operating expenses, including legal and audit fees, and general working capital.
What is the hold period for securities issued in Nine Mile Metals’ (VMSXF) private placement?
All securities issued in the private placement will be subject to a four-month and one-day hold period.
