Neotech Metals Launches Major Financing Initiative

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

Neotech Metals Corp. has announced a non-brokered private placement financing aimed to raise between $1.5 million to $2.5 million by selling 6 to 10 million units at $0.25 each, with each unit consisting of one common share and one purchase warrant. The warrants allow for the purchase of additional shares at $0.35 within 36 months, with an acceleration clause if share prices rise significantly. The funds raised will support exploration and general corporate expenses.

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