Nevada Clean Magnesium Announces Private Placement

Nevada Clean Magnesium (TSXV:NVM) announced a non-brokered private placement for proceeds of up to $150,000. Proceeds will be used to update the existing preliminary economic assessment for Nevada Clean’s Tami-Mosi Magnesium project.

As quoted in the press release:

The maximum Offering is 3,000,000 Units for gross proceeds of up to $150,000. The Offering is not subject to any minimum aggregate subscription. Each Unit will consist of one common share in the capital of Nevada Clean Magnesium (the “Common Shares”) and one Common Share purchase warrant (the “Warrants”). Each Warrant will be exercisable into one Common Share for a period of three years at a price of $0.05/share during the first two years of the exercise period and $0.10/share during the third year of the exercise period.

Click here to read the Nevada Clean Magnesium (TSXV:NVM) press release