Proactive Investors - Run By Investors For Investors

92 Resources closes private placement, raises C$217,750

The company said funds raised will be used towards general working capital
92 Resources closes private placement, raises C$217,750
The company currently holds six properties in Canada, including the Hidden Lake project in Northwest Territories (pictured)

Energy metals firm, 92 Resources Corp (CVE:NTY) has announced it has closed a non-brokered private placement, raising C$217,750.

The company said funds raised will be used toward general working capital.

The company issued 3.35mln units at a price of 6.5 cents per unit.

Each unit comprises one common share and one-half of one non-transferable share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share of the company for a period of up to 12 months at a price of C$0.10.

All securities issued under the private placement are subject to a four-month-and-one-day hold period expiring on Dec. 2, 2018.

The company currently holds six properties in Canada, with three principal assets: the Hidden Lake Lithium Property, NWT, the Corvette Lithium Property, QC, and the Golden Frac Sand Property, BC.

Shares of 92 Resources were flat at C$0.06 on Friday. 

View full NTY profile View Profile

92 Resources Corp Timeline

Related Articles

Electric cars charging
August 31 2018
ABM is also actively evaluating additional projects which it believes have potential to significantly advance the company's stated strategy of focusing on battery materials
Lithium cube
December 07 2018
The resource exploration and development company looks to supply the rapidly growing lithium-ion battery industry for both mobile devices and laptops, as well as the burgeoning electronic-vehicle industry
The Toral project
October 31 2018
Since June, the company has achieved an increase in the Toral project's inferred resource estimate, completion of the Phase 1 RC drilling programme and commencement of a Phase 2 diamond infill drill programme, a successful re-logging exercise of historic core to provide valuable additional data and sustained progress on the preparation of the initial scoping study
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use