Electric Metals (USA) Limited (TSXV: EML | OTCQB: EMUSF) has announced a 30-day extension to close a second and final tranche of the company’s non-brokered private placement to issue a maximum of 10,000,000 common shares of the company at a price of C$0.10 per Share for maximum gross proceeds of C$1,000,000.
The final closing and filing acceptance of all documentation required by the TSX Venture Exchange in respect of the Offering is expected to occur on or before 12 February 2025.
The company closed the first tranche of the offering, issuing an aggregate of 5,837,000 common shares at C$0.10 per share for gross proceeds of C$583,700.
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