CoTec Holdings Announces $10 Million Financing Initiative

EastCoal ( (TSE:CTH) ) just unveiled an update.

CoTec Holdings Corp. has announced the filing of an amended and restated offering document to raise up to $5 million through a LIFE Offering and an additional $5 million through a Concurrent Offering, both priced at $0.78 per unit. The completion of these offerings is conditional upon each other, and the company expects to close the transactions by mid-June 2025, pending necessary approvals. This strategic move is part of CoTec’s broader mission to enhance its market position by leveraging innovative technologies in the resource extraction sector, aiming to deliver sustainable growth and high barriers to entry.

More about EastCoal

CoTec is a publicly traded investment issuer listed on the TSXV and the OTCQB, trading under the symbols CTH and CTHCF. It is a forward-thinking resource extraction company focused on revolutionizing the global metals and minerals industry through innovative, environmentally sustainable technologies and strategic asset acquisitions. CoTec aims to drive the sector toward a low-carbon future by investing in disruptive mineral extraction technologies and applying these to undervalued mining assets. The company emphasizes recycling, waste mining, and scalable solutions to accelerate the production of critical minerals, shorten development timelines, and reduce environmental impact, positioning itself as a leading mid-tier disruptor in the commodities sector.

Average Trading Volume: 19,542

Technical Sentiment Signal: Buy

Current Market Cap: C$57.25M

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