Toronto, Ontario--(Newsfile Corp. - August 11, 2023) - Enerev5 Metals Inc. (TSXV: ENEV) (OTCQB: ENEVF) ("Enerev5" or the "Company") updates its plan to raise $300,000 of flow through dollars to fund the planned phase one geophysical survey and $250,000 of hard dollars for working capital and administrative expenses the details of which are below.
Further to its press release of June 8, 2023, the Company plans to issue up to 5,000,000 hard dollar units ("Hard Dollar Units") at a price of $0.05 per unit ($250,000) and has revised the terms of the flow through offering to up to 3,333,333 flow-through units ("Flow-Through Units") at a price of $0.09 per unit ($300,000). Each Hard Dollar Unit consists of one common share of the Company and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.05 for a period of five years from the date of issue. Each Flow-Through Unit consists of one flow-through common share and one Warrant. The Hard Dollar Units and Flow-Through Units are being offered on a brokered basis through IBK Capital Corp.(the "Agent").
The Company will pay the Agent a cash fee of 9% of the funds raised, and issue to the Agent warrants equal to 10% of all Hard Dollar Units and Flow-Through Units issued in the form of non-transferable broker warrants (the "Broker Warrants"). Each Broker Warrant entitles the holder to acquire one unit ("Broker Units") at a price of $0.05 for a period of five (5) years. Each Broker Unit consists of one common share of the Company and one common share purchase warrant (a "Broker Unit Warrant"). Each Broker Unit Warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.05 for a period of five years from the date of issuance of the Broker Warrant. IBK Capital Corp. is a "connected issuer" and "related issuer" of the Company, as defined in Canadian securities legislation, by virtue of the ownership of securities of the Company by its directors and officers.
All securities issued in these offerings are subject to a 4-month hold period from the date of closing.
The Company also announces it has entered into a twelve-month marketing and consulting contract with Stockhouse Publishing Ltd ("Stockhouse"), a division of The Market Herald, a leading source of investment news, to assist and raise greater awareness of the Company and its flagship Barbara Bay nickel project. Pursuant to the contract, Stockhouse will be paid an aggregate cash amount of $60,000 for its services and the Company will choose from a menu of standard and custom advertising and marketing campaigns to reach targeted investor audiences. The Company has had no prior relationship with Stockhouse. To the Company's knowledge, Stockhouse does not own or control, directly or indirectly, any securities of the Company. As part of the arrangement, Stockhouse has agreed to subscribe for $30,000 of the Company's Hard Dollar Units.
The marketing kickoff started with the release of a 5 minute video interview with the Company's President and CEO, John O'Donnell, and Special Geophysical Advisor, Steve Balsh, discussing the Barbara Bay Project.
About Enerev5 Metals Inc.
Enerev5 Metals Inc. (TSXV: ENEV) (OTCQB: ENEVF) is a Canadian resource company which has been focusing on exploration and development potential, related to energy metals such as nickel, copper, cobalt and other strategic battery minerals, as well as other net zero carbon related assets.
For additional information, please contact:
John F. O'Donnell
CEO and Chairman of the Board
Enerev5 Metals Inc.
Telephone: +1-647-966-3100
安大略省多倫多市--(Newsfile Corp. - August 11, 2023) - Enerev5 Metals Inc.(多倫多證券交易所股票代碼:ENEV)(場外櫃台交易市場股票代碼:ENEVF)(以下簡稱 "Enerev5 "或 "公司")更新了其計劃,即募集30萬美元流動資金用於計劃中的第一階段地球物理勘測,以及25萬美元硬通貨用於流動資金和管理費用,詳情如下。
繼 2023 年 6 月 8 日的新聞稿之後,公司計劃以每單位 0.05 美元的價格發行多達 5,000,000 個硬通貨單位("硬通貨單位")(250,000 美元),並修訂了流通發售條款,以每單位 0.09 美元的價格發行多達 3,333,333 個流通單位("流通單位")(300,000 美元)。每個 "硬通貨單位 "由公司的一股普通股和一份普通股認購權證("認購權證")組成。每份認股權證將賦予持有人自發行之日起五年內以 0.05 美元的價格增購一股公司普通股的權利。每個流通單位由一股流通普通股和一份認股權證組成。硬通貨單位和流通單位通過 IBK Capital Corp.("代理")以中介方式發售。
公司將向代理支付所籌資金 9% 的現金費用,並以不可轉讓經紀權證("經紀權證")的形式向代理發行相當於所有已發行硬通貨單位和流通單位 10% 的權證。每份經紀人認股權證使持有人有權以 0.05 美元的價格購買一個單位("經紀人單位"),爲期五(5)年。每個經紀單位由公司的一股普通股和一份普通股認購權證("經紀單位認購權證")組成。每份經紀商單位認股權證將使持有人有權以 0.05 美元的價格額外購買公司的一股普通股,自經紀商認股權證發行之日起爲期五年。IBK Capital Corp. 是公司的 "關聯發行人 "和 "相關發行人",正如加拿大證券立法所定義的那樣,因爲其董事和高管擁有公司的證券。
在這些發行中發行的所有證券自發行結束之日起有 4 個月的持有期。
公司還宣佈已與領先的投資新聞來源《市場先驅報》(The Market Herald)旗下的 Stockhouse Publishing Ltd(以下簡稱 "Stockhouse")簽訂了一份爲期 12 個月的營銷和諮詢合同,以協助和提高公司及其旗艦項目芭芭拉灣鎳礦項目的知名度。根據合同,Stockhouse 將獲得總額爲 6 萬美元的現金服務費,公司將從一系列標準和定製廣告及營銷活動中進行選擇,以接觸目標投資者受衆。公司此前與 Stockhouse 沒有任何合作關係。據公司所知,Stockhouse 沒有直接或間接擁有或控制公司的任何證券。作爲安排的一部分,Stockhouse 已同意認購 30,000 美元的公司 Hard Dollar 單位。
營銷啓動儀式首先發布了公司總裁兼首席執行官約翰-奧唐納(John O'Donnell)和特別地球物理顧問史蒂夫-巴爾什(Steve Balsh)討論芭芭拉灣項目的 5 分鐘視頻訪談。
關於Enerev5 Metals Inc.
Enerev5 Metals Inc.(多倫多證券交易所股票代碼:ENEV)(場外櫃台交易市場股票代碼:ENEVF)是一家加拿大資源公司,一直專注於能源金屬(如鎳、銅、鈷和其他戰略電池礦物)以及其他零碳淨相關資產的勘探和開發潛力。
欲了解更多信息,請聯繫:
約翰·F·奧唐奈
首席執行官兼董事會主席
Enerev5 Metals Inc.
電話:+1-647-966-3100