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Neotech Metals (CSE: NTMC) Announces $1 Million Private Placement to Fund Exploration and Operations
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Highlights:
Neotech Metals Corp. (CSE: NTMC) (OTCQB: NTMFF) (FSE: V690) has announced its intention to undertake a non-brokered private placement for gross proceeds of up to $1 million. The financing, expected to close on or around June 26, 2025, will be conducted in one or more tranches and is subject to approval by the Canadian Stock Exchange (CSE).
The offering consists of up to 6,666,666 units priced at $0.15 per unit. Each unit comprises one common share and one warrant, allowing the holder to acquire an additional share at $0.25 for a period of two years. An acceleration clause applies: if the company’s share price exceeds $0.40 for 10 consecutive trading days, Neotech may shorten the warrant expiry to 30 days.
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