The net proceeds from the sale of Units will be used for continued exploration activities, and for working capital and general corporate purposes. The Agents will have an option (the " Agents' Option ") to offer for sale up to an additional 15% of the number of Units, FT Units and/or QFT Units sold in the Offering at the Offering Price, which Agents' Option is exercisable, in whole or in part, at any time up to 48 hours prior to the closing of the Offering. Each Warrant shall entitle the holder thereof to purchase one Common Share (a " Warrant Share ") at an exercise price of $0.32 per Warrant Share at any time up to 36 months following the closing of the Offering. Each QFT Unit will consist of one Quebec flow-through Common Share (a " QFT Share ") that will qualify as a "flow-through share" within the meaning of subsection 66(15) of the Tax Act and section 359.1 of the Taxation Act (Québec)) and one Warrant. Each FT Unit will consist of one flow-through Common Share (a " FT Share ") that will qualify as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act") and one Warrant. as co-lead agents (together, the " Agents "), in connection with a marketed private placement offering (the " Offering ") for aggregate gross proceeds of up to $5,000,000 in a combination of: (i) units of the Company (the " Units ") at a price of $0.25 per Unit, (ii) flow-through units of the Company (the " FT Units ") at a price of $0.27 per FT Unit, and (iii) Quebec flow-through units of the Company (the " QFT Units ") at a price of $0.29 per QFT Unit.Įach Unit will consist of one common share of the Company (a " Common Share ") and one common share purchase warrant (a " Warrant "). ( TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the " Company " or " Canada Silver Cobalt ") announces that it has entered into an agreement with Research Capital Corporation to act as sole bookrunner and together with Canaccord Genuity Corp. Copper Prices Could See "Astronomical Rise" as Supply Concerns IncreaseĬoquitlam, BC TheNewswire - MaCanada Silver Cobalt Works Inc.10 Largest Producers of Gold by Country.
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