Vancouver, October 21, 2020 - Bathurst Metal Corp. (BMV.H previously Pacific Cascade Minerals Inc. PCV.H) (TSXV:BMV.H) ("Bathurst" or the "Company") announces it has closed its previously announced private placement by the issuance of 8,210,000 units (the "Units") at a price of $0.10 per Unit for aggregate gross proceeds of $821,000.00 (the "Offering"). Each Unit is comprised of one (1) common share and one (1) common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of $0.18 for one year from closing of the Offering.
The Company announced a financing of 7,500,000 Units for aggregate gross proceeds of $750,000.00 on September 17, 2020. Due to strong demand, the financing was increased from 7,500,000 to 8,250,000 Units on October 7, 2020.
The net proceeds of the private placement will be used to pay an aggregate of $246,000.00 principal amount of outstanding promissory notes, interest and for working capital.
Finders' fees in the aggregate of $30,450.00 were paid on a portion of the Offering.
The Units, common shares, share purchase warrants and shares issued upon exercise of the share purchase warrants are subject to a four month hold period, expiring February 20, 2021.
Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Copyright (c) 2020 TheNewswire - All rights reserved.
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!
Vancouver, October 21, 2020 - Bathurst Metal Corp. (BMV.H previously Pacific Cascade Minerals Inc. PCV.H) (TSXV:BMV.H) ("Bathurst" or the "Company") announces it has closed its previously announced private placement by the issuance of 8,210,000 units (the "Units") at a price of $0.10 per Unit for aggregate gross proceeds of $821,000.00 (the "Offering"). Each Unit is comprised of one (1) common share and one (1) common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of $0.18 for one year from closing of the Offering. 
