Financings
Clydesdale Resources revises $500,000 private placement
CEO · Price
Executive Summary
- Clydesdale Resources Inc. revises its proposed private placement to up to 25 million units at $0.02 per unit, targeting gross proceeds of up to $500,000.
- Each unit consists of one common share and one 12‑month transferable warrant exercisable at $0.05 per share.
- Proceeds are earmarked for general working capital; no single use exceeds 10 % of the total amount.
Key Details
- Offering Size: Up to 25 million units (each = 1 common share + 1 warrant).
- Price: $0.02 per unit → maximum gross proceeds of $500,000.
- Warrant Terms: 12‑month transferable warrants; exercise price $0.05 per common share.
- Regulatory Conditions: Subject to statutory hold period (4 months + 1 day) and approval by TSX Venture Exchange under Policy 4.1.
- Use of Proceeds: Dedicated to general working capital; no individual use ≥10 % of gross proceeds; not for investor‑relations or related‑party payments.
- Finder’s Fees/Commissions: May be paid in cash and/or non‑transferable warrants, subject to TSX‑V policies and approvals.
Notable Quotes
(No CEO/President quotes provided in the release.)