Puget Ventures and Haverstock Fund Enter Equity Financing

Puget Ventures Inc.(TSXV:PVS) announced entering into an equity financing agreement. The Company entered the agreement with Haverstock Fund, LLC with an amount of $15,000,000.

As quoted in the press release:

On April 5, 2012, the Company and Haverstock Fund, LLC (“Haverstock”) entered into a non-binding definitive agreement with respect to a potential equity facility. Under such facility, the Company may, at its sole discretion and from time to time, require Haverstock to advance up to $500,000 per advance, up to an aggregate total of $15,000,000.

Puget Ventures, President and CEO, commented:

The arrangement provides flexible funding options which will allow for the Company to fund development of the Karakul Cobalt deposit and at Werner Lake while meeting our corporate objectives and in turn maximize the return for our shareholders.

Click here to read the Puget Ventures Inc. (TSXV:PVS) press release

See this press release on Marketwire
Click here to see the Puget Ventures Inc. (TSXV:PVS) profile

Get the Latest Cobalt Investing Stock Information

Get the latest information about companies associated with Cobalt Investing delivered directly to your inbox.

Cobalt

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Critical-Metals-Investing-Primer-CoverThere is no guide to critical metals investing that is more concise, clear and authoritative. Download this FREE Special Report, Investing in Today’s Critical Metals – Context for Lynas News and Molycorp News.
Comments

Leave a Reply