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Resouro closes final C$640,000 tranche of private placement
Resouro Strategic Metals raised C$2.5 million total across two closings. Proceeds go to the Tiros project environmental program ahead of a preliminary feasibility study.
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Resouro Strategic Metals has closed the final tranche of its non-brokered private placement, issuing 2.56 million shares at C$0.25 apiece for gross proceeds of C$640,000.
The company raised C$2.5 million total across two closings after issuing 10 million shares in the offering. A cash finders' fee of C$4,500 was paid in connection with the deal.
The placement remains subject to final approval by the TSX Venture Exchange. All securities issued carry a four-month-plus-one-day hold period under Canadian securities law. Resouro issued the shares under its available placement capacity per ASX Listing Rule 7.1.