Bathurst Metals Announces Financing

Bathurst Metals Announces Financing

Bathurst Metals Corp. (TSX-V:BMV) (OTC:BMVVD) (“Bathurst” or the “Company”) is pleased to announce the terms of a non-brokeredprivate placement (the “Flow-Through Offering”) whereby the Company plans to raise approximately CDN $200,000.00 through the issuance of 1,600,000 units with a subscription price of CDN $0.125 per unit (“Unit”). Each Unit consists of one flow-through common share (“Share”) and one Share purchase warrant to purchase one additional non flow-through Share (“Warrant Share”) exercisable at a price of CDN $0.25 per Warrant Share for a period of two years from the date of issue of the Units.

The Flow-Through Offering is expected to close on or before December 31, 2022.

The Company intends to use the gross proceeds from the flow-through portion of the Flow-Through Offering to incur Canadian Exploration Expenses that are Flow-Through Mining Expenditures (as such terms are defined in the Income Tax Act (Canada)). The Company will renounce such Canadian Exploration Expenses with an effective date of no later than December 31, 2022.

The proceeds from the Flow-Through Shares issued under the Flow-Through Offering will be used in part to fund the Company’s 2023 exploration and evaluation program on the Peerless Project.

The Company also announces a non-brokered private placement financing of up to 400,000 units (the “Units”) of securities at a price of CDN $0.10 per Unit for aggregate gross proceeds of up to CDN $40,000.00 (the “Non Flow-Through Offering”). Each Unit will be comprised of one Share and one non-transferable Share purchase warrant, with each whole warrant entitling the holder to purchase one additional Share at a price of CDN $0.20 for one year. The net proceeds will be used to pay agent’s commissions and administrative expenses. The Non Flow-Through Offering is expected to close no later than December 31, 2022.

Both private placements are subject to the approval of the TSX Venture Exchange. All Shares issued will be subject to a four month and one day hold period which will expire on the date that is four months and one day from the date of issue.

On behalf of the Board of Directors

“Harold Forzley”

CEO

Bathurst Metals Corp.

For more information contact Harold Forzley, Chief Executive Officer

info@Bathurstmetalscorp.com

Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Source

Click here to connect with Bathurst Metals Corp. (TSX-V:BMV) (OTC:BMVVD), to receive an Investor Presentation

BMV:CA
The Conversation (0)
Bathurst Metals

Bathurst Metals

Exploring Undervalued Assets in Nunavut

Exploring Undervalued Assets in Nunavut Keep Reading...
Gold bar and nuggets with text reading "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: Lighthouse Gold Shines with 78 Percent Gain

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.Reuters reported on Friday (June 19) that a Panamanian government-led audit of First Quantum... Keep Reading...
David Nicholas, gold and silver bars.

David Nicholas: Gold's Next 30 Days — 10 Percent Price Pop?

David Nicholas, co-founder of XFunds, shares his outlook for gold, calling it "very constructive." In his view, it wouldn't be surprising to see an 8 to 10 percent price increase in the next 30 days. "I think gold and silver are the next trades to do really well here," Nicholas said.Don't forget... Keep Reading...
three gold bars stacked on top of each other

DGCX Introduces First Same-Day Physical Gold Contract in Gulf

The Dubai Gold and Commodities Exchange (DGCX) will launch the Gulf region’s first same-day physically settled spot gold contract on Monday (June 22), providing bullion dealers a regulated alternative to traditional over-the-counter markets.The Gold Spot T+0 Contract allows refineries, brokers,... Keep Reading...
Gold letters spelling "Fed" in front of a pile of gold dollar coins and US flag.

Gold Price Dips Back Below US$4,300 as New Fed Chair Holds Rates Steady

The US Federal Reserve held its first meeting with new Chair Kevin Warsh from Tuesday (June 16) to Wednesday (June 17) as a US-Iran peace deal is on the table and the US economy is in the midst of a three-year inflation high alongside a resilient labor market. The central bank held the federal... Keep Reading...
Jeffrey Christian, gold bars.

Jeffrey Christian: Gold, Silver, PGMs — My Summer Price Outlook

Jeffrey Christian, managing partner at CPM Group, shares his summer outlook for gold and silver prices, saying he expects consolidation within a volatile range. However, as the year continues, he believes both precious metals could move back toward highs seen earlier in 2026. Platinum and... Keep Reading...

Interactive Chart

Latest Press Releases

Related News