Mr. Peter Berdusco reports
CANADA ONE ANNOUNCES EXTENSION OF PRIVATE PLACEMENT
Canada One Mining Corp. has extended the closing of its private placement, previously announced on July 9 and Sept. 17, 2024. The closing of the financing has now been extended to Dec. 10, 2024.
The company intends to use the net proceeds of the private placement to finance its exploration and development of the company's properties, extinguish liabilities and payables, and for general administrative and working capital expenses. It is estimated that up to 10 per cent of the net proceeds may be used to pay investor relations or market-making services. It is also estimated that up to 10 per cent of the net proceeds may be used to pay non-arm's-length parties. The company may pay finders' fees as permitted by the policies of the TSX Venture Exchange and applicable securities laws.
The financing is subject to customary closing conditions, including, but not limited to, the receipt of all necessary approvals including the approval of the TSX-V.
About Canada One Mining Corp.
Canada One is a premier resource exploration company operating in Canada. From exploration to discovery to resource development, the company is focused on creating growth and generating value for its investors and communities as it meets the growing global demand for critical metals. Copper Dome is the company's flagship project with its northern border situated 1.5 kilometres from Hudbay Mineral's Copper Mountain mine deposits.
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