04:40:00 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



1844 Resources Inc
Symbol EFF
Shares Issued 69,519,258
Close 2022-11-22 C$ 0.04
Market Cap C$ 2,780,770
Recent Sedar Documents

1844 Resources closes $508,200 public offering

2022-11-23 14:47 ET - News Release

Mr. Sylvain Laberge reports

1844 COMPLETES PUBLIC OFFERING OF COMMON SHARES

1844 Resources Inc. has closed its previously announced best efforts public offering of 10,164,000 common shares in the capital of the company at a price of five cents per common share for aggregate gross proceeds of $508,200. For further details on the offering, see the company's news release dated July 21, 2022.

The offering was conducted by Leede Jones Gable Inc. and included a syndicate of selling brokers, including Raymond James Ltd., Richardson Wealth, Echelon Wealth Partners Inc. and Equity Capital Markets Compensation Securities. On closing of the offering, the company issued to the agents an aggregate of 813,120 non-transferable compensation options, with each agent's option entitling the holder to purchase one common share at a price of five cents per common share for 36 months from the date of issuance. In connection with the offering, the company also paid to the agents a cash commission of $40,565, being 8 per cent of the gross proceeds of the offering, and a corporate finance fee of $25,000.

The company intends to use the net proceeds from the offering for continuing exploration expenditures on the company's properties and for general corporate purposes.

The offering was completed by way of a short form prospectus filed in each of the provinces of British Columbia, Alberta, Saskatchewan, Ontario and Quebec.

About 1844 Resources Inc.

1844 is an exploration company with a focus in strategic and energetic metals and underexplored regions in Gaspe, Chibougamau, Que. With a dedicated management team, the company's goal is to create shareholder value through the discovery of new deposits.

We seek Safe Harbor.

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