York Harbour Metals Inc. (“York” or the “Company”) announced its brokered private placement offering (the “Offering”) on June 29, 2022 for gross proceeds of approximately $11.46 million, including full exercise of the over-allotment option. In connection with the Offering, York issued 2,625,600 units, 4,987,228 flow-through units and 1,900,000 charitable flow-through units.
The York Harbour Copper-Zinc-Silver Project is a mineral property located approximately 27 km from Corner Brook, Newfoundland. In 2022, the Company plans to continue drilling the strike and depth extents of Main Mine area and test the other massive sulphide targets.
Andrew Lee CEO of York Harbour Metals commented, “Following the successful completion of York’s latest financing, the Company is now fully funded to continue exploring and developing the York Harbour Copper-Zinc Project located in Newfoundland, Canada. In addition to the Company’s recently announced 0.5% NSR buy-down, the Company finds itself in a strong position to capitalize on known areas of mineralization and aims to fully uncover the site’s further potential.”
The Offering was conducted pursuit to an agency agreement among the Company and, collectively, Research Capital Corporation, Red Cloud Securities Inc., Haywood Securities Inc., and Canaccord Genuity Corp. (the “Agents”). On behalf of the Company, Sean O’Neill acted as lead counsel and was assisted by Larry Yen, Angela So, Alex Tatti , Chelsea Gladstone, and Denise Christensen. Gary M. Litwack, Victoria Zed and Lana Kahiel from McCarthy Tétrault acted as counsel for the Agents.
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