Trimera Metals Corp. Closes Non-Brokered Private Placement for $100,000

Strategic Insights -

Trimera Metals Corp. has announced the closing of its non-brokered private placement, securing $100,000 in aggregate gross proceeds. As part of this offering, the company issued 285,715 common shares on a flow-through basis, priced at $0.35 per share. The funds raised will be allocated towards exploration activities at the company's Tahlo Lake property in British Columbia.

Key Takeaways:

  • Trimera Metals Corp. has successfully closed its non-brokered private placement, raising $100,000 in gross proceeds.
  • The company issued 285,715 common shares on a flow-through basis at a price of $0.35 per share.
  • The funds secured from the offering will be utilized for exploration activities at the Tahlo Lake property, which spans approximately 1,692.22 hectares in north-central British Columbia.
  • The security holders will be subject to a four-month and one-day hold period from the closing date.
  • The securities issued under the offering were not registered under the United States Securities Act of 1933, as amended, nor any U.S. state securities laws.

Statistics:

  • Aggregate gross proceeds: $100,000
  • Number of common shares issued: 285,715
  • Price per share: $0.35
  • Hold period: Four months and one day from the closing date
  • Property size: Approximately 1,692.22 hectares
  • Location: North-central British Columbia

Sources:

  • Newsfile Corp. - "Trimera Metals Corp. Closes Non-Brokered Private Placement"
  • Canadian Securities Exchange - "Trimera Metals Corp. Profile"