1844

1844 Announces Second and Final Closing of Non-Brokered Private Placement

1844 RESOURCES Inc. (TSX-V:EFF) (the " Company " or " 1844 ") announces further to its news releases of June 24 and June 30, 2021, that it has closed the second tranche of the non-brokered private placement of common shares in the capital of the Company (the " Shares ") at $0.05 per Share (the " Offering ") by the issuance of 2,500,000 Shares for gross proceeds of $125,000. Management and insider have participated for 8% of the second closing of the Offering.

In connection with the second closing of the Offering, the Company didn't pay any finders' fees in cash or issued non-transferable share purchase warrants. The securities issued under closing are subject to a four months and a day hold period ending November 10, 2021.

The Company has raised a total proceed of $500,000, for a total of 10,000,000 shares issued under the Offering. Management and insiders have participated for 8% of the total Offering.

The net proceeds received from the Offering will be used by the Company for exploration expenditure in the Province of Quebec and for general working capital.

About 1844 Resources Inc.: 1844 is an exploration company with a focus in strategic and energetic metals and underexplored regions "Gaspé, Chibougamau Québec".  With a dedicated management team, the Company's goal is to create shareholder value through the discovery of new deposits.

1844 RESOURCES INC.

(signed) " Sylvain Laberge "

Sylvain Laberge
President and CEO
514.702.9841
Slaberge@1844 resources.com

FORWARD LOOKING INFORMATION

Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
1844 resources inc

1844 Resources

Revitalizing Mineral Exploration and Development in the Prolific Gaspe Peninsula, Quebec

Revitalizing Mineral Exploration and Development in the Prolific Gaspe Peninsula, Quebec Keep Reading...
Spools of copper wire.

Top 5 Junior Copper Stocks on the TSXV in 2025

Junior copper stocks are seeing significant support from the copper supply-demand story in 2025 as companies work to make the next big copper discovery. Copper prices were volatile in the third quarter, driven by concerns over tariffs and a mine closure. To start the quarter, the price of copper... Keep Reading...
Copper pipes laid on top of each other in bundles.

5 Best-performing Copper Stocks on the TSX in 2025

Copper prices have seen considerable gains in 2025, reaching a record high on the COMEX of US$5.68 per pound on July 8. Rising prices and supportive policy have elevated many copper stocks.Copper tariffs were the story surrounding the market to start the third quarter, not only pushing the price... Keep Reading...
Steadright Inc (CSE:SCM)

Steadright Signs MOU for Historic Polymetallic Copper-Lead-Zinc-Silver-Gold Goundafa Mine in Morocco

Steadright Critical Minerals Inc. (CSE: SCM) (“Steadright” or the “Company”) is pleased to announce a Memorandum of Understanding (MOU) has been signed with Ste Commerciale et Minière du Sahara (CMS) that is the license holder of an historic polymetallic Zinc-Lead-Silver-Copper-Gold mine,... Keep Reading...
East Star Resources

New VMS Licence Award at Rulikha Deposit

East Star Resources Plc (LSE:EST), which is exploring for copper and gold in Kazakhstan, is pleased to announce it has been awarded a new exploration licence - 3631-EL (the "Licence"), encompassing the remaining part of the induced-polarisation (IP) anomaly north of the Rulikha Deposit.With the... Keep Reading...
Closeup of stacked, polished copper bars with a soft purple and orange background.

Copper Price Update: Q3 2025 in Review

Copper prices were volatile during Q3, swinging to record highs of US$5.81 per pound on the COMEX.The movement was fueled by traders importing copper products into the US following President Donald Trump’s tariff announcement on July 8. However, prices fell in early August as the White House... Keep Reading...
Panama flag waving against a clear blue sky.

Panama Sets Firm Ownership Terms Ahead of Cobre Mine Negotiations

Panama will demand that any new deal to reopen the US$10 billion Cobre Panama copper mine explicitly recognizes the state’s ownership of the land and its mineral resources, Finance Minister Felipe Chapman said according to a Bloomberg report.“For us, it’s important to have an agreement that... Keep Reading...

Latest Press Releases

Related News