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

Executive Summary

• Scandium Canada Ltd. (TSX-V: SCD) announced the closing of a private placement without a broker, raising gross proceeds of $564,500.
• The company issued 22,580,000 units at a price of $0.025 per unit, with net proceeds primarily designated for general working capital and administrative expenses.
• The transaction includes warrants and compensation warrants, subject to a four-month and one-day hold period under Canadian securities laws and TSX Venture Exchange policies.

Key Details

• Gross Proceeds: $564,500.00 USD (Note: Text states "$", context implies CAD given Montreal location, but figure is explicitly $564,500.00).
• Units Issued: 22,580,000 units.
• Price Per Unit: $0.025.
• Unit Composition: Each unit consists of one common share and one warrant (subscription option).
• Warrant Terms: Each warrant allows the holder to acquire one common share at an exercise price of $0.05 per share for a period of 24 months from the issuance date.
• Use of Proceeds: Primarily for working capital related to general and administrative expenses; no specific use represents 10% or more of gross proceeds. No funds used for investor relations or payments to related parties/investor relations persons.
• Intermediary Fees: $11,760.00 paid to non-related party intermediaries.
• Compensation Warrants: 350,000 compensation warrants issued, exercisable at $0.05 per share for 24 months post-closing.
• Restrictions: All securities issued (including shares underlying warrants and compensation warrants) are subject to a hold period of four months and one day under applicable Canadian securities laws and concurrent TSX Venture Exchange holding period policies.
• Regulatory Status: Placement is subject to final approval by the TSX Venture Exchange.

Notable Quotes

• None provided in the text.