Sudbury-based Transition Metals Completes $300K Private Placement
Transition Metals Corp. has announced the successful closing of its previously disclosed non-brokered private placement, raising $299,999.85 through the issuance of 3,999,998 Critical Flow Through Shares (CFT Shares) at $0.075 per share.
A finder’s fee was paid to Mine Equities Ltd. and Castlewood Capital Corporation, consisting of:
• A 6% cash commission totalling $18,000.
• 160,000 compensation warrants issued to Castlewood, allowing the purchase of common shares at $0.10 per share for 18 months.
Use of Proceeds
Funds from the offering will support exploration activities at the company’s:
• Saturday Night PGM Project in Ontario.
• Pike Warden Au-Ag-Cu Project in the Yukon.
Key Details
• All securities, including common shares from exercised warrants, are subject to a restricted resale period until March 26, 2025.
• The offering is subject to final approval by the TSX Venture Exchange.
About Transition Metals Corp
Transition Metals Corp. is a Canadian exploration company specializing in identifying untapped mineralization opportunities. Known for its innovative approach, the company’s experienced geoscientists explore underexamined areas, enabling cost-effective property acquisition. Transition focuses on a range of commodities, including platinum group metals (PGM), gold, silver, and copper, to drive new mineral discoveries.
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