Financings
Clydesdale Resources arranges $500,000 private placement
CEO · Price
Executive Summary
- Clydesdale Resources Inc. proposes a non‑brokered private placement of 44,444,444 units at $0.01125 per unit, targeting up to $500,000 in gross proceeds.
- Each unit consists of one common share and one 12‑month transferable warrant exercisable at $0.05 per share.
- Proceeds are earmarked for debt retirement, evaluation of resource properties for reactivation, and general working capital.
Key Details
- Units Offered: 44,444,444 units.
- Price per Unit: $0.01125 (1.125 cents).
- Total Gross Proceeds Target: Up to $500,000.
- Unit Composition: One common share + one transferable warrant (12‑month term).
- Warrant Exercise Price: $0.05 per common share.
- Use of Proceeds:
- Retire outstanding debts.
- Evaluate suitable resource properties for potential reactivation of the company.
- Provide general working capital.
- Regulatory Conditions: Subject to approval by the TSX Venture Exchange and completion of required regulatory filings with the TSX‑V.
- Holding Period: Common shares issued to Canadian residents will be subject to a statutory four‑month hold period.
- Finders’ Fees: May be payable in connection with the offering.
Notable Quotes
(No executive quotes provided in the release.)