Nine Mile Metals (CSE:NINE) has closed an oversubscribed non-flow-through private placement financing, raising C$182,132 ($198,038), for general and administrative obligations.
Under the placement, 12.14 million units were issued at C$0.015 per unit.
Each unit comprises one common share and half of a share purchase warrant, exercisable at $0.05 for a 36-month period.
Nine Mile Metals is a Canadian mineral explorer focapplyd on critical minerals and volcanogenic massive sulphide (VMS) discoveries.
The company’s primary business objective is to explore its four VMS projects named the Nine Mile Brook, California Lake, Canoe Landing Lake (East West) and Wedge VMS projects.
Write to Aaliyah Rogan at Mining.com.au
Images: Nine Mile Metals
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