Scandium Canada annonce la cloture d'un placement prive de 564 500 $

Executive Summary

• Scandium Canada Ltd. announced the closing of a private placement raising $564,500 gross proceeds through the issuance of 22,580,000 units at $0.025 per unit.
• Each unit consists of one common share and one subscription warrant allowing purchase of an additional share at $0.05 for 24 months.
• Net proceeds will be used primarily for working capital and general & administrative expenses; no single use accounts for 10 % or more of the gross proceeds.

Key Details

• Placement Size: $564,500 gross proceeds.
• Units Issued: 22,580,000 units at $0.025 per unit.
• Unit Composition: 1 common share + 1 subscription warrant (exercise price $0.05, exercisable for 24 months).
• Additional Warrants: 350,000 compensation warrants issued on the same terms.
• Use of Proceeds: Primarily to fund working capital related to general and administrative expenses; no individual expense line exceeds 10 % of gross proceeds.
• Intermediary Fees: $11,760 paid to non‑affiliated intermediaries.
• Lock‑up Restrictions: All securities issued are subject to a four‑month‑plus‑one‑day hold period under Canadian securities laws and TSX Venture Exchange policies; final TSX approval pending.
• Regulatory Notice: The offering is not an offer or solicitation in the United States and the securities have not been, nor will be, registered under U.S. securities law.

Notable Quotes

(No executive quotes were included in the release.)