Prospector Metals Corp. (TSXV: PPP), a Canadian minerals exploration company, announced on Tuesday that it will raise up to C$750,000 through a non-brokered private placement of flow-through units. The charity FT units are priced at C$0.21 per unit. Each of the charity FT units will comprise one flow-through share and one half of one non-flow-through share purchase warrant. Each warrant will be exercisable at C$0.30 into one share for a period of one year from the date of issuance.
The gross proceeds from the offering are intended to be used for preliminary assessment work and prospecting of the ML Property in Yukon Territory. The offering is expected to close on or about May 6, 2023.
This news is significant for Prospector Metals as it will provide the company with the necessary funds to conduct preliminary assessment work and prospecting on its ML Property in Yukon Territory. The successful completion of this offering will allow Prospector Metals to continue its exploration efforts and potentially identify new mineral resources in this prospective region.
