Equity Metals Corporation announced a non-brokered flow-through private placement of 8,500,000 premium flow-through units at a price of CAD 0.19 per unit for gross proceeds of CAD 1,615,000 on December 20, 2023. Each unit consists of one flow-through common share and one share purchase warrant. Each warrant entitles the holder thereof to purchase one non flow-through common share for a period of 5 years at a price of CAD 0.18. All securities issued in connection with the offering are subject to a hold period expiring on April 21, 2024. The Offering is subject to TSX Venture Exchange acceptance.
On December 22, 2023, the company announced that TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from seven placees.