Financings
Infield Minerals Announces Financing
INFD · Price
Executive Summary
- Infield Minerals Corp. announced the initiation of a non‑brokered private placement to raise up to $115,000.
- The offering consists of up to 3,833,333 common shares at $0.03 per share, subject to a four‑month‑plus statutory hold period and TSX‑V approval.
- Proceeds will be used to fund property costs on the Company’s mineral properties in the Western USA and for general working capital.
Key Details
- Financing Size: Up to $115,000 gross proceeds.
- Shares Offered: Up to 3,833,333 common shares.
- Price per Share: $0.03 CAD.
- Hold Period: Statutory hold of four months and one day from issuance date.
- Regulatory Condition: Financing is subject to approval by the TSX Venture Exchange (TSX‑V).
- Participation: Certain officers and directors are expected to participate in the placement.
- Commission Payments: Company may pay commissions to qualified finders in Canada, consistent with TSX‑V policies.
- Use of Proceeds:
- Funding property costs on mineral properties located in the Western United States.
- General working capital purposes.
Notable Quotes
- “We are pleased to initiate this financing which will provide essential capital to advance our exploration program and support ongoing operations,” – Evandra Nakano, President, CEO & Director.