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Lucky Minerals ( (TSE:LKY) ) has issued an announcement.
Lucky Minerals Inc. has launched a non-brokered private placement of flow-through and non-flow-through units at $0.10 each, seeking gross proceeds of $1.08 million to fund exploration at its Prudhomme property in northern Quebec and to bolster working capital. The financing, led on a commercially reasonable efforts basis by PowerOne Capital Markets as finder, includes warrants exercisable at $0.15 for five years, is subject to TSX Venture Exchange and regulatory approvals, and is structured with most of the proceeds held in escrow until a British Columbia Securities Commission cease trade order is fully revoked and the company’s shares are reinstated for trading, underscoring that the raise is a key step in restoring market access and advancing the Prudhomme project under amended option terms.
More about Lucky Minerals
Lucky Minerals Inc., listed on the TSX Venture Exchange, OTC and Frankfurt, is a mineral exploration company focused on advancing its Prudhomme property in northern Quebec, Canada. The company operates in the junior mining sector, using equity financings to fund exploration and general corporate purposes while working to maintain regulatory compliance and stock exchange listings.
Average Trading Volume: 12,970
Technical Sentiment Signal: Sell
Current Market Cap: C$1.01M
For detailed information about LKY stock, go to TipRanks’ Stock Analysis page.