American Critical Minerals raises $1 million in private placement

American Critical Minerals Corp. (CSE:KCLI)(OTCQB: APCOF)(Frankfurt:2P3) completed a non-brokered private placement raising $1 million through the issuance of 5 million units priced at $0.20 each.

Each unit consists of one common share and one-half warrant exercisable at $0.30 until September 16, 2027. The company will use proceeds to advance development at its Green River Project, including technical work for lithium and bromine exploration targets and updating its technical report, along with concession fees, regulatory costs, corporate marketing and working capital.

The Vancouver-based company paid $47,400 and issued 237,000 warrants to brokerage firms that assisted with the offering. Company insiders purchased 100,000 units, constituting a related party transaction under securities regulations.

The offering was conducted under Canada's Listed Issuer Financing Exemption for purchasers resident in Canada, excluding Quebec. Securities issued under this exemption are subject to regulatory hold periods under Canadian securities laws.

You May Also Be Interested In

• Aggreko files for proposed IPO
• DA Davidson Starts Armstrong World Industries (AWI) at Neutral
• Boeing wins $131B F-15 contract from Department of War