The Prospector News

Playfair Mining Announces Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Playfair Mining Announces Private Placement

 

 

 

 

 

Playfair Mining Ltd. (TSX-V:PLY) is pleased to announce a non-brokered private placement of up to 20,000,000 common shares of the Company at a price of $0.07 per Share, for aggregate gross proceeds of up to $1,400,000.

 

In connection with the Offering, the Company may pay certain finders’ fees equal to 7% of the aggregate gross proceeds raised from those purchasers introduced by such finders, payable in cash or Shares.

 

The Company intends to use the proceeds raised from the Offering for exploration activities in Norway, and general corporate purposes. The Offering may close in tranches. The Offering is expected to close on or before April 17, 2023. The Offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the TSX Venture Exchange.

 

The Offering is being completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 Prospectus Exemptions and therefore the securities issued in the Offering will not be subject to a hold period in accordance with applicable Canadian securities laws. There will be an offering document related to the Offering that will be available under the Company’s profile at www.sedar.com and at https://playfairmining.com. Prospective investors should read this offering document before making an investment decision.

 

The securities issued pursuant to the Offering have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

 

The road to a cleaner environment includes electric vehicles. Electric vehicles need copper, nickel, and cobalt. There is no green future without minerals.

 

Posted March 17, 2023

Share this news article

MORE or "UNCATEGORIZED"


Reunion Gold Infill Drilling Continues to Expand the Zone of High-Grade Gold Mineralization on Block 6 at its Oko West Project, Guyana

Highlights include: Hole D-375 intersecting 60.4 m @ 1.50 g/t Au,... READ MORE

April 15, 2024

Great Pacific Gold to Acquire Papua New Guinea Focused Tinga Valley Copper & Gold Corp.

Highlights: 347 sq km granted exploration license located 140 km ... READ MORE

April 15, 2024

i-80 Gold Announces High-Grade Results from Underground Drilling at Cove

New results include 29.6 g/t Au over 7.2 m, 18.7 g/t Au over... READ MORE

April 15, 2024

Calibre Intercepts High-Grade Gold & Silver Mineralization from Several Targets at its Eastern Borosi Mine Complex; Drilling Intersects Include 10.81 g/t Gold over 3.4 metres, 9.64 g/t Gold over 3.3 metres, 1,431.6 g/t Silver over 2.9 metres and 642.3 g/t Silver over 5.0 metres

Calibre Mining Corp. (TSX: CXB) (OTCQX: CXBMF) is pleased to anno... READ MORE

April 15, 2024

SILVER VIPER CLOSES FIRST TRANCHE OF LIFE OFFERING

Silver Viper Minerals Corp. (TSX-V: VIPR) (OTC: VIPRF) is please... READ MORE

April 13, 2024

Copyright 2024 The Prospector News