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-brokered private 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 Announces Peerless Claims Option

Bathurst Metals Announces Peerless Claims Option

(TheNewswire)

Bathurst Metals Corp

Vancouver, B.C. February 2, 2023 Bathurst Metals Corp. ("Bathurst" or the "Company") ( TSXV:BMV ) ( OTC:BMVVD ) is pleased to announce it has entered into a definitive Option Agreement with arm's length vendor BCT Holdings Corp . ("BCT") to acquire an undivided 100% interest in 12 mineral claims known as the "Peerless Property".  The Company previously entered into a letter of intent with BCT, the terms of which were announced on November 17, 2022.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
BATHURST METALS Announces Closing of Financing

BATHURST METALS Announces Closing of Financing

(TheNewswire)

Bathurst Metals Corp

Vancouver, British Columbia TheNewswire - November 24, 2021 Bathurst Metals Corp. (" Bathurst " or the " Company ") (TSXV:BMV) (OTC:BMVVD) is pleased to announce it has closed its previously announced private placement.   The Company issued 1,600,000 units (the " Units ") of securities at a price of $0.10 per Unit for aggregate gross proceeds of $160,000.00 (the " Offering ").  Each Unit consists of one (1) common share and one (1) non-transferable common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of $0.20 for one year.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Bathurst Signs Letter of Intent to Purchase 100% of Peerless Mineral Claims in the Historic Bralorne Mining Camp

Bathurst Signs Letter of Intent to Purchase 100% of Peerless Mineral Claims in the Historic Bralorne Mining Camp

(TheNewswire)

Bathurst Metals Corp

Vancouver, British Columbia TheNewswire - November 17, 2022 Bathurst Metal Corp. (TSXV: BMV ) ( OTC:BMVVF) (" Bathurst " or the " Company ") Vancouver, British Columbia Bathurst Metals Corp. today announced it has entered into a binding letter of intent (" LOI ") with arm's length vendor BCT Holdings Corp (the " Vendor ") to acquire an undivided 100% interest in 12 mineral claims covering approximately 5,500 hectares located in the Bridge River Mining Camp of British Columbia.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
BATHURST METALS Announces Financing

BATHURST METALS Announces Financing

(TheNewswire)

Bathurst Metals Corp

Vancouver, British Columbia TheNewswire - N ovember 3, 2021 Bathurst Metals Corp. (" Bathurst " or the " Company ") (TSXV:BMV) (OTC:MBVVF) is pleased to announce the following undertakings to provide working capital.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Bathurst Metals Corp. Announces Share Consolidation

Bathurst Metals Corp. Announces Share Consolidation

(TheNewswire)

Bathurst Metals Corp

October 27, 2022 TheNewswire Vancouver, British Columbia - Bathurst Metals Corp. ( the "Company") (TSXV:BMV) (OTC:BMVVF) announces that the Company will be completing a share consolidation on the basis of one (1) post-consolidation common share for every Two and one half (2.5) pre-consolidation common shares (the "Consolidation").

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
  Golden Deeps

Golden Deeps Expands Footprint in the World-Class Lachlan Fold Belt Copper-Gold Province, NSW

Golden Deeps Ltd (ASX: GED) has entered into a binding Heads of Agreement (HOA) to earn an 80% interest in the holders of four granted and highly-prospective exploration licences in the world class Lachlan Fold Belt Copper-Gold Province of NSW (see Figures 1, 2 and 3).

Keep reading...Show less
Tempest Minerals

Tempest Minerals


Keep reading...Show less
Astral Resources (ASX:AAR)

Strong Gold Anomalism Outlines Potential Analogue of Kamperman Prospect at Feysville

Assay results from the first two reconnaissance AC drill traverses highlight potential for new discoveries 1.5km north-west of the high-grade Kamperman Prospect at Feysville.

Astral Resources NL (ASX: AAR) (Astral or the Company) is pleased to provide an update on recent exploration activities at its 100%-owned Feysville Gold Project (Feysville), located 14km south of Kalgoorlie in Western Australia (Figure 1).

Keep reading...Show less
Aurum Resources (ASX:AUE)

Aurum Resources Poised for Significant Discovery, Report Says

Description:

Private equity firm 3L has identified Australian gold explorer Aurum Resources (ASX:AUE) as one of exploration companies primed for significant gold discoveries or research expansions in West Africa’s emerging world-class gold district.

Keep reading...Show less
Tempest Minerals

Rights Issue Offer Results

Tempest Minerals Ltd (TEM) (“Tempest” or the “Company”) is pleased to advise the completion of the pro-rata non-renounceable Entitlement offer (Offer). The Offer comprised one fully paid ordinary share (“New Shares”) in the Company for every five (5) fully paid ordinary shares held at an issue price of $0.008 per New Share.

Keep reading...Show less

Latest Press Releases

Related News

×