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.


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

Formation Metals Inc. (TSX:FCO,OTCQX:FMETF) primary asset, located in the mining friendly state of Idaho, is the 100% owned, Idaho Cobalt Project. The ICP is a unique, high grade, primary cobalt deposit which is comprised of the mine and mill site and the proposed refining facility, the Cobalt Production Facility, a stand-alone hydrometallurgical facility that will process the ICP Mine concentrates into cobalt sulfate, copper sulfate, copper concentrate, magnesium sulfate and gold. Connect with FCO to get their latest news instantly.

Leave a Reply