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Strike Graphite Corp. (TSXV:SRK) has been given conditional acceptance from the TSX Venture Exchange for its proposed acquisition of the Sask Craton property and the Sask Craton North property; the company has also made filings with the exchange for its proposed debt settlement.
Strike Graphite Corp. (TSXV:SRK) has been given conditional acceptance from the TSX Venture Exchange for its proposed acquisition of the Sask Craton property and the Sask Craton North property; the company has also made filings with the exchange for its proposed debt settlement.
Additionally, Strike announced that it plans to conduct a non-brokered private placement offering of up to 20 million units at a price of $0.05 per unit for gross proceeds of up to $1 million.
As quoted in the press release:
Each unit will consist of one common share of the Company and one-half of one common share purchase warrant, with each full warrant entitling the holder thereof to purchase one additional common share at a price of $0.10 per common share for a period of 24 months from closing of the offering. In connection with the Offering, Strike Graphite may pay up to a 7% finder’s fee on the gross proceeds of the Offering. The Offering is expected to close in tandem with the Property Acquisitions. Proceeds of the offering will be used to finance the acquisition and exploration of the Property Acquisitions, the completion of a NI 43-101 technical report and for general working capital purposes.
Click here to read the Strike Graphite Corp. (TSXV:SRK) press release.
