Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

Coniagas Battery Metals Announces Private Placement

by June 29, 2024
June 29, 2024
Coniagas Battery Metals Announces Private Placement

(TheNewswire)

Vancouver, BC June 28, 2024 TheNewswire Coniagas Battery Metals Inc. (TSXV: COS) announces that it will effect a non-brokered private placement of a maximum of 5,000,000 units at a price of $0.12 per unit for maximum gross proceeds of $600,000. Each unit will be comprised of one common share and one-half of a common share purchase warrant. Each full warrant will entitle the holder thereof to purchase one additional common share at a price of $0.15 for two years from the date of issuance.

Coniagas will use the net proceeds from the private placement primarily for exploration on the Graal property as well as for metallurgical test work and working capital.

In connection with the private placement, Coniagas will pay a cash finder’s fee in an amount equal to 7% of the proceeds from subscribers identified by finders and will issue warrants to finders in an amount equal to 7% of the number of units issued to subscribers identified by them. Each of the finder’s warrants will entitle its holder to purchase one additional common share of Coniagas at a price of $0.15 for two years from the date of issuance.

Coniagas expects to hold a first closing of the private placement on or before July 11, 2024. The private placement is subject to final approval by the TSX Venture Exchange.

About Coniagas Battery Metals Inc.

Coniagas Battery Metals Inc. is a Canadian junior mining company focused on nickel, copper, cobalt, and platinum group metals in Quebec. Our strategy is to create shareholder value through the development of our mineral properties, with the goal of becoming a critical metals supplier to the EV market.

Coniagas has achieved notable success with geophysics and shallow drilling at its 100% owned Graal project near Saguenay, Quebec, consistently hitting mineralization. This success has confirmed an open-pit deposit model along a 6 km strike of high-grade nickel and copper, with cobalt, platinum, and palladium byproducts. Upcoming plans include further drilling, an NI 43-101 resource report, metallurgical testing, and consultations with First Nations. The Graal project and immediate work plan are outlined in detail in the ‘NI 43-101 Technical Report Graal Nickel & Copper Project, Saguenay-Lac-St-Jean, Quebec, Canada’ dated January 17, 2024. The report is available along with other information at the Company’s website https://coniagas.com/

‘Frank J. Basa’

Frank J. Basa, P. Eng., Order of Engineers Ontario

Chief Executive Officer

For further information, contact:

Frank J. Basa, P. Eng. Ontario

Chief Executive Officer

416-625-2342

or:

Wayne Cheveldayoff, Corporate Communications

P: 416-710-2410 E: waynecheveldayoff@gmail.com

You can follow Coniagas on Social Media:

LinkedIn:

X (Twitter):

Facebook:

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements

This news release may contain forward-looking statements regarding Coniagas Battery Metals Inc. (‘Coniagas’ or the ‘Company’) which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address the private placement referred to above, resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. No assurance can be given that any of the foregoing will be achieved. In particular, Coniagas cannot give any assurance that it will be able to complete the private placement referred to above, either in whole or in part. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. The Company does not undertake to update any forward-looking information in this news release or other communications unless required by law.

Copyright (c) 2024 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Western craze boosts sales of Levi denim dresses and skirts
next post
Biden’s Cabinet has few words about Biden fitness concerns post-debate

Related Posts

Forte Minerals Announces Private Placement of up to...

May 24, 2025

Beyond Lithium Intersects 2.30% Li2O over 3.84m in...

January 17, 2024

Brunswick Exploration Extends Strike Length of MR-4 High-Grade...

December 20, 2023

Unlocking a New High-Grade Antimony-Tungsten Structure Adds Potential...

February 25, 2025

PDAC 2025: Investment Capital, AI Energy Demand and...

March 12, 2025

What Was the Highest Price for Silver? (Updated...

May 30, 2024

Canada Beats China for Top Spot in Global...

February 13, 2024

Group Eleven Announces $1,500,000 Non-Brokered Private Placement, Including...

February 18, 2025

Quimbaya Gold Inc. Consolidates its Land Positionin Segovia-Remedios...

January 16, 2024

Radiopharm Theranostics Granted U.S. Food and Drug Administration...

June 11, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • How I Triple My Returns With 3x Leveraged ETFs!

    • How to Find Compelling Charts in Every Sector

    • EVs Now Emit 73 percent Less Than Gasoline Cars Over Their Lifetime, Says ICCT Study

    • Cygnus Metals Limited: Issue of Performance Rights

    • FPX Nickel Announces Share-Based Compensation Grant

    • Blue Lagoon Resources Officially Opens Dome Mountain Gold Mine in British Columbia

    Categories

    • Business (1,287)
    • Investing (2,662)
    • Politics (3,699)
    • Stocks (1,711)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved