Ecometals Limited Announces Private Placement Final Closing

Ecometals Limited (TSXV:EC) closes the final tranche of a previously announced non-brokered private placement for gross proceeds of CDN$325,000.

The press release is quoted as saying:

Each Warrant entitles the holder to purchase one Common Share at a price of CDN$0.25 for a 24 month period. In lieu a cash fee, the Company has also issued 77,333 finder’s units of the Company (each a “Finder’s Unit) to certain finders, as a finder’s fee in respect of subscribers located by each finder in connection with this final tranche. Each Finder’s Unit comprises a Common Share and a non-transferable Warrant. The securities issued in the final tranche of the Offering are subject to a four month hold period expiring on April 11, 2011.

Click here to access the entire press release

Get the Latest Manganese Investing Stock Information

Get the latest information about companies associated with Manganese 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.


Leave a Reply