CoTec Holdings Announces $3M Private Placement
Company Announcements

CoTec Holdings Announces $3M Private Placement

EastCoal (TSE:CTH) has released an update.

CoTec Holdings Corp. has announced a non-brokered private placement aiming to raise up to $3 million by offering units at $0.50 each, which include a common share and a purchase warrant. The proceeds are intended for investment commitments and working capital, with participation from insiders like Kings Chapel International Limited, subject to regulatory approvals. The company focuses on ESG principles and invests in technologies aimed at transforming the metals and minerals industry into a more sustainable sector.

For further insights into TSE:CTH stock, check out TipRanks’ Stock Analysis page.

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