Anteros closes $616,780 first tranche of placement

Executive Summary

• Anteros Metals Inc. has closed the first tranche of its non-brokered private placement, raising aggregate gross proceeds of $616,780.09.
• The closing involved the issuance of 7,104,309 flow-through units and 3.1 million hard-dollar units.
• The company incurred $11,700 in cash commissions and issued 25,000 finders' warrants as part of the transaction costs.

Key Details

• Flow-Through Units: 7,104,309 units issued at a price of $0.065 per unit.
• Hard-Dollar Units: 3,100,000 units issued at a price of $0.05 per unit.
• Aggregate Gross Proceeds: $616,780.09.
• Unit Composition: Each unit consists of one common share and one-half of one whole common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to acquire one common share at an exercise price of $0.10 per share for a period of two years from the date of issuance.
• Flow-Through Status: The FT shares qualify as flow-through shares under Subsection 66(15) of the Income Tax Act (Canada) and qualify for the Canadian government's critical mineral exploration tax credit.
• Hold Period: All securities are subject to a hold period of four months plus one day from the date of issuance.
• Transaction Costs:
  • Cash commission paid: $11,700.
  • Finders' warrants issued: 25,000 warrants.
  • Finder's warrant exercise price: $0.10 per share.

Notable Quotes

• None provided in the text.