Ms. Natasha Dixon reports
MINK VENTURES CORPORATION LAUNCHES $750,000 NON-BROKERED PRIVATE PLACEMENT FINANCING WITH CMETC FLOW-THROUGH AND HARD DOLLAR UNITS
Mink Ventures Corp. has arranged a non-brokered private placement for aggregate gross proceeds of up to $750,000. The offering will consist of the sale of hard dollar (HD) units of the company at a price of eight cents per HD unit and flow-through units of the company at a price of 10.5 cents per FT unit.
The company plans to use the net proceeds raised from the sale of the HD units and FT units under the offering for the exploration, drilling and advancement of its 115-square-kilometre critical minerals project portfolio located within the prolific Timmins camp. All programs are permitted and, subject to financing, include; conducting VTEM at its Montcalm nickel (Ni), copper (Cu), cobalt (Co) project, diamond drilling at its Warren Cu Ni project and the Rankin Cu Ni project and, in respect of the HD unit proceeds, for general working capital purposes.
Each HD unit will consist of one common share of the company and one common share purchase warrant. Each warrant shall entitle the holder thereof to acquire one common share of the company for a period of 36 months from the date of issuance at an exercise price of 16 cents.
Each FT unit will consist of one common share of the company to be issued as a flow-through share and one common share purchase warrant. Each FT warrant shall entitle the holder thereof to acquire one common share of the company for a period o 36 months from the date of issuance at an exercise price of 16 cents.
The securities issued under the offering will be subject to a four-month-and-one-day hold period and will not be sold in the United States.
About Mink Ventures Corp.
Mink Ventures is a Canadian mineral exploration company exploring for critical minerals in Ontario.
We seek Safe Harbor.
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