The Prospector News

Primary Energy Metals Closes First Tranche of Financing

You have opened a direct link to the current edition PDF

Open PDF Close

Share this news article

Primary Energy Metals Closes First Tranche of Financing






Primary Energy Metals Inc. (formerly, Primary Cobalt Corp.) (CSE-PRIM) is pleased to announce that it has closed the first tranche of its private placement and has issued 16,767,800 units at a price of $0.075 per unit for gross proceeds of $1,257,585.  Each “unit” consists of one common share and one transferable common share purchase warrant exercisable at a price of $0.15 for a period of twelve months.




No finders’ fees or commissions were payable in connection with completion of this tranche.  The Company anticipates closing a further tranche of the placement shortly, and will provide additional information as soon as it becomes available.




About Primary Energy Metals Inc.




PRIMARY ENERGY METALS INC. is a listed junior exploration company and is engaged in the business of acquiring, exploring and developing ethically sourced Cobalt, Copper, Nickel, Vanadium, Uranium and Silver/Gold focused mineral resource properties to create value for its shareholders.




ACQUISITION FOCUS – Other projects Primary is investigating are in the clean energy sector. In this sector, the Company is focused specifically upon exploration opportunities to source green energy power minerals for use in battery production. Primary’s interests in this sector are guided by the following:



  • Identifying opportunities in regions that are conducive to mining due to the regulatory nature of the government with existing infrastructure.


  • Identifying opportunities in geographical locations that provide easy access large markets for these metals.


  • Identifying opportunities with locations with existing mine shafts.


Posted September 7, 2018

Share this news article


Canarc Resource Options Its Fondaway Canyon and Dixie Comstock Properties in Nevada to Getchell Gold

Canarc Resource Corp. (TSX:CCM) (OTCQB:CRCUF) (Frankfurt:CAN) ann... READ MORE

October 17, 2019

Infill Drilling at San Albino Intersects 59.48 g/t Gold Over 2.1 Meters (estimated True Width) Five Meters from Surface

Mako Mining Corp. (TSX-V: MKO) is pleased to report further posit... READ MORE

October 17, 2019

Surge Acquires an Option to Purchase a 100% Interest in a Polymetallic Silver, Copper, Lead, Zinc Deposit in British Columbia Canada

Surge Exploration Inc. (TSX-V: SUR) (OTC: SURJF) (FRA: DJ5C... READ MORE

October 17, 2019

Fiore Gold Meets Full Year 2019 Production Guidance

FIORE GOLD LTD. (TSX-V: F) (OTCQB: FIOGF) is pleased to announce ... READ MORE

October 17, 2019

Marathon Gold Reports Additional Drill Results from Marathon Deposit at Valentine Gold Project, NL

Marathon Gold Corporation (TSX: MOZ) is pleased to report an addi... READ MORE

October 17, 2019

Copyright 2019 The Prospector News - Site design by Spyderbaby Productions