Neotech Metals Launches LIFE Financing Initiative

Caravan Energy Corp. (TSE:NTMC) has released an update.

Neotech Metals Corp. has announced its plans for a non-brokered private placement LIFE financing to raise between $1.5 million to $2.5 million, through the sale of 6 to 10 million units at $0.25 each. These units include both a common share and a purchase warrant, with the latter allowing additional share purchases at $0.35 within 36 months. The proceeds will be aimed at funding exploration and general corporate expenses.

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