tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Electric Royalties Amends Offering to Raise $4 Million

Story Highlights
  • Electric Royalties aims to raise approximately $4 million through a private placement.
  • The offering requires a minimum raise of $1.5 million and is set to close in January 2025.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Electric Royalties Amends Offering to Raise $4 Million

Electric Royalties (TSE:ELEC) has released an update.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Electric Royalties Ltd. has announced an amended offering document for its private placement of up to 22,222,223 units, aiming to raise approximately $4 million. Each unit, priced at C$0.18, includes a common share and a purchase warrant, with the offering contingent on raising at least $1.5 million. The offering is expected to close by January 9, 2025, subject to regulatory approvals.

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

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1