Velox Energy Materials Inc. Confirms Terms of Proposed Non-Brokered Private Placement Financing | CUIRF Stock News
Velox Energy Materials Inc. has confirmed the terms of its non-brokered private placement financing, proposing to issue up to 89,296,272 units at $0.035 each, raising up to $3,125,369.52. Each unit includes a common share and a warrant exercisable at $0.05 for 24 months. Proceeds will fund resource evaluations and general working capital, with $500,000 allocated for strategic opportunities. A director plans to participate in the placement, constituting a related party transaction. The offering is subject to regulatory approvals and a four-month hold period on securities issued.
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