CAT Strategic Metals Closes Second, and Final, Tranche of Private Placement

CAT Strategic Metals Corporation (CSE:CAT) ("CAT" or the "Company") announces that it has closed the second, and final, tranche of the non-brokered private placement (the "Offering") described in its news release of February 16, 2021. In connection with the final tranche closing of the Offering, the Company issued 4,169,600 units (the "Units") at a price of CDN$0.08 per Unit for gross proceeds of CDN$333,568. Each Unit consists of one common share in the capital of the Company (a "Share") and one whole transferable common share purchase warrant (a "Warrant"). Each whole Warrant is exercisable to acquire one Share at an exercise price of CDN$0.16 per Share until February 28, 2026

The Company paid finder's fees of CDN$9,800 in cash in connection with this final tranche of the Offering, as well as issued 122,500 finder's warrants exercisable at $0.08 per warrant for a period of 24 months from the date of issuance.

The Company raised a total of CDN$2,044,000 and issued 25,550,000 Units in connection with both tranches of the Offering, and paid finder's fees of CDN$56,398.80 in cash, and issued 686,235 non-transferable finder's warrants exercisable at a price of $0.08 per finder's warrant for a period of 24 months from the date of issuance. The Company also paid a corporate finance fee of $3,000 in connection with the Offering.

The securities issued under the Offering, and any Shares that may be issuable upon exercise of any Warrants, will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities.

CAT intends to use the net proceeds of the Offering for exploration activities, including at the recently announced South Preston Uranium Property; for general property and claim payments; and for general working capital purposes.

The Private Placement is subject to the receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange (the "CSE"). All securities issued pursuant to the Private Placement will be subject to a four month hold period in accordance with applicable Canadian securities laws.

About CAT Strategic Metals Corporation:

CAT Strategic Metals Corporation is a Canadian based mineral exploration company focused on the acquisition and de risking of overlooked projects situated in well-established World Class geological districts in North America. The Company is specially focused on minerals which are considered highly strategic from a monetary as well as global infrastructure and energy point of view. CAT's shares trade on the Canadian Securities Exchange (CSE) under the trading symbol "CAT", on the OTCMarkets.com under the trading symbol "CATTF", and on the Frankfurt Stock Exchange under the symbol "8CH".

ON BEHALF OF THE BOARD

Robert Rosner

Chairman, President & CEO

Further information regarding the Company can be found on SEDAR at www.SEDAR.com, by visiting the Company's website www.catstrategic.com or by contacting the Company directly at (604) 674-3145.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Particular risks applicable to this press release include risks associated with planned production, including the ability of the company to achieve its targeted exploration outline due to regulatory, technical or economic factors. In addition, there are risks associated with estimates of resources, and there is no guarantee that a resource will be found or have demonstrated economic viability as necessary to be classified as a reserve. There is no guarantee that additional exploration work will result in significant increases to resource estimates

Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

We seek safe harbour.

SOURCE: CAT Strategic Metals Corporation



View source version on accesswire.com:
https://www.accesswire.com/641924/CAT-Strategic-Metals-Closes-Second-and-Final-Tranche-of-Private-Placement

News Provided by ACCESSWIRE via QuoteMedia

The Conversation (0)
Gold bars.

Top 5 Canadian Mining Stocks This Week: Sanu Gold Sparkles with 200 Percent Gain

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

The S&P/TSX Venture Composite Index (INDEXTSI:JX) fell 1.22 percent on the week to close at 610.22 on Friday (December 6). Meanwhile, the S&P/TSX Composite Index (INDEXTSI:OSPTX) posted a 0.16 percent increase to reach 25,691.8, and the CSE Composite Index (CSE:CSECOMP) dropped 2.68 percent to 137.68.

The US Bureau of Labor Statistics released its employment situation report on Friday. The data shows that total nonfarm payrolls increased by 227,000 in November. The figures reflect a rebound from October’s disappointing addition of just 12,000 jobs, as hurricanes Helene and Milton and a Boeing (NYSE:BA) strike impacted the labor market.

Keep reading...Show less

Providence Insider Closes First Financing Tranche

(TheNewswire)

Providence Gold Mines Inc.

December 6, 2024 TheNewswire - Providence Gold Mines Inc. ( TSX-V PHD ) (OTC-PINKS: PRRVF) (FRANKFURT EXCHANGE 7RH1=F) ("the Company"), is pleased to announce further to the November 20,2024 news release an insider officer and director has completed a private placement in the amount of $75,000 Cdn for 1,500,000 units at $0.05 per unit. Each unit comprises of one common share and one non-transferable warrant exercisable into one common share of the Company at a price of $0.09 for a period of two years from the date of approval of closing. The funds will be used for general purposes.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Newmont Announces Agreement to Divest CC&V for up to $275 Million

Divestitures Announced to Date to Generate up to $3.9 Billion in Gross Proceeds

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Wheaton Precious Metals Announces the Acquisition of a Gold Stream from Allied Gold's Kurmuk Project

 Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce that its wholly-owned subsidiary, Wheaton Precious Metals International Ltd. ("WPMI") has entered into a definitive Precious Metals Purchase Agreement (the "Gold Stream") with Allied Gold Corporation and its wholly owned subsidiary Allied Gold Services Inc. (together, "Allied"), in respect of the Kurmuk Project located in Ethiopia (the "Project" or "Kurmuk").

"Wheaton is pleased to announce a streaming agreement with Allied to advance the construction of the Kurmuk project, which is set to be the first commercial gold mine in Ethiopia ," said Randy Smallwood , President and CEO of Wheaton Precious Metals. "This fully permitted, high quality development project offers significant exploration potential, supported by a team at Allied with a proven operating track record. We are excited to partner with Allied to unlock opportunities that empower the local communities and help drive the growth of Ethiopia's emerging metals and mining sector."

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Adrian Day, gold bars.

Adrian Day: US$2,500 Gold? Pullback Would be "Healthy," Reasons to Buy Remain

The gold price has seen ups and downs since the US election.

The yellow metal took a hit directly after Donald Trump's victory, falling to the US$2,550 per ounce level. But then it staged a quick recovery, passing US$2,700. It's now pulled back again, currently at around US$2,650.

Ahead of gold's second post-election decline, Adrian Day, president of Adrian Day Asset Management, told the Investing News Network he wouldn't be surprised to see another leg down.

Keep reading...Show less
Gareth Soloway, gold, silver and Bitcoin.

Gareth Soloway: Gold, Silver, Bitcoin and More — Price Predictions for 2025

Speaking to the Investing News Network, Gareth Soloway, chief market strategist at VerifiedInvesting.com, shared his latest price forecasts for gold and silver, as well as Bitcoin.

Heading into 2025, he said he thinks the yellow metal will be the year's best-performing asset.

"I would have to take gold — and again, for me it's the risk that if we go to US$107,000 on Bitcoin, let's say, we could pull back to US$75,000 next year ... that drawdown is a hefty drawdown of 30 percent or so at that point," he said.

Keep reading...Show less

Latest Press Releases

Related News

×