T2 Metals arranges $5 million private placement financing

T2 Metals Corp. (TSXV: TWO) (OTCQB: TWOSF) announced a non-brokered private placement financing to raise up to $5 million through the sale of 10 million units at $0.50 per unit.

Each unit consists of one common share and one-half of a common share purchase warrant. Each whole warrant allows the holder to purchase an additional common share at $0.75 for two years from closing.

The Vancouver-based company stated that insiders may participate in the financing and finders' fees may be paid on a portion of the offering. Net proceeds will fund working capital and exploration activities.

Mark Saxon, CEO of T2 Metals, said the financing will support 2026 exploration programs on the company's gold, silver and copper projects in Yukon and Manitoba. The company has initiated discussions with new and existing strategic investors for the financing.

All securities issued are subject to a four-month hold period and regulatory approvals, including acceptance by the TSX Venture Exchange. The securities have not been registered under U.S. securities laws.

T2 Metals describes itself as an emerging copper and precious metal exploration company focused on discovery in Canada.

You May Also Be Interested In

• PreveCeutical closes second tranche of private placement for $245,000
• MagnaChip (MX) files $50M mixed shelf
• SU Group Holdings (SUGP) files for 38.32M share offering by sellng stockholders