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Armory Mining ( (TSE:ARMY) ) just unveiled an announcement.
Armory Mining Corp. has launched a non-brokered private placement of up to 14,285,714 flow-through units at $0.07 per unit to raise as much as $1 million. Each unit will comprise one flow-through common share and one warrant exercisable at $0.09 for three years, with proceeds directed toward qualifying Canadian exploration expenditures at the company’s Ammo antimony-gold project in Nova Scotia. The offering may include finder’s fee warrants, and all securities will be subject to a four-month hold period, with completion contingent on customary approvals from the Canadian Securities Exchange, underlining the company’s continued push to fund exploration of its critical minerals portfolio.
More about Armory Mining
Armory Mining Corp. is a Canadian resource exploration company focused on minerals critical to the energy, security and defense sectors. The company holds an 80% interest in the Candela II lithium brine project in Argentina’s Incahuasi Salar, a 100% interest in the Riley Creek antimony-gold project in Haida Gwaii, British Columbia, and an option to acquire a 100% interest in the Ammo antimony-gold project in Nova Scotia.
Average Trading Volume: 689,555
Technical Sentiment Signal: Sell
Current Market Cap: C$3.5M
For an in-depth examination of ARMY stock, go to TipRanks’ Overview page.