cybin stock price

Marvel Closes Private Placement, Total Proceeds of $1,006,205.05

Marvel Discovery Corp. (TSX-V:MARV), (Frankfurt:O4T1), (MARVF:OTCQB); (the "Company") is pleased to announce the closing of its second tranche of the non-brokered private placement dated November 24th,2021. The second tranche consists of aggregate gross proceeds of $98,125 by issuing an additional 853,261 Non-Flow-Through units at a price of $0.115 per unit. Each unit consisting of one common share and one common share purchase warrant; each warrant ("Warrant") entitling the holder to subscribe for and purchase one non-flow-through common share ("Warrant Shares") at a price of $0.20 for a period of 24 months following the acceptance date

Finders' fees totaling $1,050 will be paid in connection with the Second tranche offering in accordance with the TSX Venture Exchange policies.

The proceeds from the private placement will be used for further development of the Company's property portfolio and for general working capital purposes. All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering. Completion of the Offering, and payment of the Finders' fee are subject to the approval of the Exchange.

Total Proceeds Raised

The Company will issue a total of 8,047,168 units for total proceeds of $1,006,205.05, subject to the approval of the TSX Venture Exchange.

In total, the Company will issue 5,385,385 Flow-Through units at a price of $0.13 per unit. Each unit consisting of one Flow-Through common share and one-half of one common share purchase warrant; each whole warrant ("Warrant") entitling the holder to subscribe for and purchase one non-flow-through common share ("Warrant Shares") at a price of $0.25 for a period of 24 months following the acceptance date.

In total, the Company will also issue 2,661,783 Non-Flow-Through units at a price of $0.115 per unit. Each unit consisting of one common share and one common share purchase warrant; each warrant ("Warrant") entitling the holder to subscribe for and purchase one non-flow-through common share ("Warrant Shares") at a price of $0.20 for a period of 24 months following the acceptance date.

In total, Finders' fees totaling $49,908.60 will be paid in connection with the offering in accordance with the TSX Venture Exchange policies.

The proceeds from the private placement will be used for further development of the Company's property portfolio and for general working capital purposes. All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering. Completion of the Offering, and payment of the Finders' fee are subject to the approval of the Exchange.

About Marvel Discovery Corp.

Marvel, listed on the TSX Venture Exchange for over 25 years, is a Canadian based emerging resource company. The Company is systematically exploring its extensive property positions in:

  • Newfoundland (Slip, Gander North, Gander South, Victoria Lake, Baie Verte, and Hope Brook - Au Prospects)
  • Atikokan, Ontario (BlackFly - Au Prospect)
  • Elliot Lake, Ontario (East Bull - Ni-Cu-PGE Prospect)
  • Quebec (Duhamel -Ni-Cu-Co prospect & Titanium, Vanadium, and Chromium Prospect)
  • Prince George, British Columbia (Wicheeda North - Rare Earth Elements Prospect)

The Company's website is: https://marveldiscovery.ca/

ON BEHALF OF THE BOARD

Marvel Discovery Corp.

"Karim Rayani"
Karim Rayani
President/Chief Executive Officer, Director
Tel: 604 716 0551 email: k@r7.capital

Disclaimer for Forward-Looking Information:

Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Forward-looking statements in this press release relate to, among other things: completion of the proposed Arrangement. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law

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: Marvel Discovery Corp.



View source version on accesswire.com:
https://www.accesswire.com/678127/Marvel-Closes-Private-Placement-Total-Proceeds-of-100620505

News Provided by ACCESSWIRE via QuoteMedia

MARV:CA
The Conversation (0)
Marvel Discovery (TSXV:MARV)

Marvel Discovery

Acquisition, Exploration and Development of Mineral Assets in Canada

Acquisition, Exploration and Development of Mineral Assets in Canada Keep Reading...
Candlestick chart over gold bars with "Weekly Editor's Picks" text.

Editor's Picks: Gold and Silver Prices Hit New Highs, Then Drop — What's Next?

Gold and silver are wrapping up a record-setting week once again. Starting with gold, the yellow metal left market participants hanging last week after finishing just shy of US$5,000 per ounce. However, it made up for it in spades this week, breaking through that level and continuing on up to... Keep Reading...
Lobo Tiggre, gold bars.

Lobo Tiggre: Gold, Silver Hit Record Highs, Next "Buy Low" Sector

Did gold and silver just experience a blow-off top, or do they have more room to run? Lobo Tiggre, CEO of IndependentSpeculator.com, shares his thoughts on what's going on with the precious metals, and how investors may want to position.Don't forget to follow us @INN_Resource for real-time... Keep Reading...
Ross Beaty silver bars.

Ross Beaty: Gold, Silver in "Bubble Territory," What Happens Next?

Ross Beaty of Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX) and Pan American Silver (TSX:PAAS,NASDAQ:PAAS) shares his thoughts on gold and silver's record-setting runs. While high prices are exciting, he noted that even US$50 per ounce silver is good for miners. "At the end of the day, there's still... Keep Reading...
Chrome button labeled "take profit" with a blue glow.

Is it Time to Take Profits? Experts Share Gold and Silver Strategies in Vancouver

Optimism was building at last year’s Vancouver Resource Investment Conference (VRIC), with fresh capital flowing back into the mining sector, lifting project financings and investor portfolios alike.This year's VRIC, which ran from January 25 to 26, saw that optimism tip into outright... Keep Reading...
Adoption of Omnibus Incentive Plan & Private Placement Update

Adoption of Omnibus Incentive Plan & Private Placement Update

iMetal Resources Inc. (TSXV: IMR,OTC:IMRFF) (OTCQB: IMRFF) (FSE: A7VA) ("iMetal" or the "Company"). The Company confirms shareholders approved the adoption of a new omnibus incentive plan (the "Plan") at the annual general and special meeting (the "Meeting") of shareholders held on August 7,... Keep Reading...
Flow Metals Announces Closing of Shares for Debt

Flow Metals Announces Closing of Shares for Debt

Flow Metals Corp. (CSE: FWM) ("Flow Metals" or the "Company") is pleased to announce that, further to its news release dated January 23, 2026, it has closed a debt settlement transaction (the "Debt Settlement") with certain insiders' of the Company pursuant to which the Company settled... Keep Reading...

Interactive Chart

Latest Press Releases

Related News