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Arctic Fox Minerals Corp. ( (TSE:COMT) ) has issued an announcement.
Collective Metals Inc. has successfully closed a non-brokered private placement, raising gross proceeds of CDN $262,099.98 through the issuance of 4,368,333 units at $0.06 per unit. Each unit includes one common share and one transferable common share purchase warrant, allowing the holder to acquire an additional share at $0.08 within 24 months. The proceeds will be used for general working capital purposes. This transaction involved a related party as a director subscribed for 200,000 units, but exemptions were applied due to the transaction’s size relative to the company’s market capitalization.
More about Arctic Fox Minerals Corp.
Collective Metals Inc. is a resource exploration company focusing on precious metals exploration in North America. The company is involved in the Whitemud Project, which includes several identified pegmatite outcrops and consists of 381 single cell mining claims totaling 7,775 hectares.
Average Trading Volume: 73,399
Technical Sentiment Signal: Sell
For detailed information about COMT stock, go to TipRanks’ Stock Analysis page.