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Primary Energy Metals Announces Oversubscription and Closing of Non-Brokered Private Placement

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Primary Energy Metals Inc. (CSE: PRIM) (FSE: 1WZ:GR) (OTC: PEMTF) is pleased to announce the closing of a non-brokered private placement representing 15,160,330 units at a price of $0.075 per Unit, for gross proceeds of $1,137,024.95. Each “Unit” consists of one common share and one-half-of-one common share purchase warrant, each whole warrant is exercisable at a price $0.15 for a period of twenty-four months.

No finders’ fees or commissions were payable in connection with completion of this placement.

About Primary Energy Metals Inc.

Primary Energy Metals Inc. is a junior listed company on the Canadian Securities Exchange.

 

Posted June 12, 2019

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