Grid Metals Corp. (TSXV:GRDM) has completed a private placement of securities for total gross proceeds of $8,520,000.
The second tranche of the financing consisted of the issuance of 36,000,000 common shares of the Company issued at $0.12 per share.
Churchill Strategic Investments Group Pty Ltd of Perth Australia was an investor and also acted as the lead manager for the Offering.
The Offering included an additional investment from Lithium Royalty Corp a leading pure play battery royalty and streaming company and new cornerstone investments by AMCI Group – a globally diversified mining and investment group specializing in the natural resource industry, Primero Group – a highly specialised engineering and operations company based in Perth Australia and the Waratah Electrification and Decarbonisation Fund.
The net proceeds from the common shares will be used for exploration of the company’s property portfolio in Manitoba and Ontario and for general working capital purposes.
Grid is currently focused on the PEA stage Makwa Mayville Ni-Cu-PGM-Co project in Manitoba and the Donner Lake and Campus Creek lithium properties in Manitoba and Ontario.
Grid also has other mining interests including Mineral Exploration Licenses in northern Manitoba prospective for nickel copper and platinum group metals and several exploration stage lithium properties.
For further information please visit: https://gridmetalscorp.com/
