Canadian Critical Minerals Closes $300,000 Flow-Through Financing
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Canadian Critical Minerals Inc. has successfully closed a $300,000 flow-through financing, issuing 6,000,000 shares at $0.05 each. The company also paid $21,000 in cash commissions and issued 420,000 broker warrants.
December 09, 2024 | 6:00 pm
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Canadian Critical Minerals Inc. completed a $300,000 flow-through financing, issuing 6 million shares at $0.05 each, which may impact its stock liquidity and capital structure.
The completion of the financing increases the company's cash reserves, which could be used for future projects or operations. However, the issuance of new shares may dilute existing shareholders' equity, potentially affecting stock price stability.
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