Nexcel Metals (CSE: NEXX) Raises CAD 110,000 via Flow-Through Private Placement for Québec Exploration

Mon 21 Jul 25, 06:29 AM |

Highlights

Closed CAD 110,000 non-brokered private placement at CAD 0.50 per flow-through unit
Proceeds allocated to exploration at the Lac Ducharme Property in Québec
Each warrant exercisable at CAD 0.75 for 24 months from issuance

Nexcel Metals Corp. (CSE: NEXX) has announced the closing of its non-brokered flow-through private placement, raising gross proceeds of CAD 110,000. The financing involved the issuance of flow-through units priced at CAD 0.50 each.

Each unit comprises one common share qualifying as a “flow-through share” under the Income Tax Act (Canada), and one common share purchase warrant. Each full warrant allows the holder to purchase one common share at an exercise price of CAD 0.75, valid for a 24-month period from the date of issuance.

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