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Canada Iron Inc.: Canada Iron Announces Closing of $10.2 Million Subscription Receipt Offering by Humble & Fume


Canada Iron Inc.: Canada Iron Announces Closing of $10.2 Million Subscription Receipt Offering by Humble & Fume
Canada Iron or the
Humble ) previously announced brokered private placement financing (the
Financing ) of 10,221,000 subscription receipts (the
Subscription Receipts ) at a price of $1.00 per Subscription Receipt, for gross proceeds of approximately $10.2 million. The Financing was led by Beacon Securities Limited (
Beacon ) on behalf of a syndicate of agents including INFOR Financial Inc. and ATB Capital Markets Inc. (together with Beacon, the
Agents ) pursuant to an agency agreement dated April 1, 2021.
The closing of the Financing is one of the conditions in respect of the previously announced reverse take-over of the Company by Humble (the ....

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