- Metallis Resources (OTCQB:MTLFF) has announced a non-brokered placement of up to C$2M.
- The Financing will consist of up to 6.25M non-flow-through units at a price of C$0.20/unit and up to 6.1M flow-through units at a price of C$0.23/unit, resulting in total proceeds of $2M.
- Each non-flow-through unit will consist of one common share and one-half of a non-flow-through, non-transferable share purchase warrant.
- The proceeds from the non-flow-through units will be used for both exploration and general corporate purposes.