Grid Metals Corp.: Grid Metals Commencing Drill Program at East Bull Lake Palladium Property
Grid Metals Corp. (the
Company ) (TSXV:GRDM) is pleased to provide shareholders with an update on corporate developments and activities. The Company announced on December 24, 2020 the closing ( subject only to the final regulatory approval of the transaction) of a non brokered financing which raised gross proceeds of $2.74 million
East Bull Lake Palladium Project - Drill Program
The Company is pleased to announce that it will be proceeding with a drill program at the East Bull Lake Palladium Property. The initial target will be the Parisien Lake area where the Company recently intersected a near surface zone of palladium-dominant mineralization featuring 119 metres averaging 1.13 g/t palladium equivalent (Pd Eq) grade including 48 metres averaging 1.85 g/t Pd Eq (see Company news release dated Dec. 3, 2020). Drilling is expected to commence in mid January and will consist of a minimum
TORONTO, ON / ACCESSWIRE / December 24, 2020 / Grid Metals Corp. (the "Company") (TSXV:GRDM) is pleased to announce that its has closed its previously announced private placement for gross proceeds of C$ 2,742,966 (the "Offering"), including exercise of the Company's over-allotment option. Under the Offering, the Company sold the following securities: 2,833,336 units of.
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Grid Metals Corp. Closes C$2.74M Private Placement
December 24, 2020 GMT
TORONTO, ON / ACCESSWIRE / December 24, 2020 / Grid Metals Corp. (the “Company”) (TSXV:GRDM) is pleased to announce that its has closed its previously announced private placement for gross proceeds of
C$ 2,742,966 (the “Offering”), including exercise of the Company’s over-allotment option. Under the Offering, the Company sold the following securities:
2,833,336 units of the Company (the “Units”) at a price of C$0.15 per Unit;
4,988,028 flow-through units of the Company (the “FT Units”) to traditional flow-through purchasers at a price of C$0.17 per FT Unit; and,