Metallis Resources Inc announced a non-brokered placement of 5,770,000 units at a price CAD 0.13 per unit for gross proceeds CAD 750,100 on October 7, 2024. Each unit will consist of one common share and one non-transferable share purchase warrant, each warrant will entitle the holder to purchase one additional common share at a price of CAD 0.18 per share for a 3- year period. Shares issued on closing will be subject to a trading hold period expiring four months plus one day from the date of issuance.
Closing of the private placement is subject to receipt of all necessary regulatory approvals and final acceptance by the TSXV.
