Canterra Minerals Anticipates Receiving up to C$3.5 Million in Funding on a Non-Brokered Basis and No Longer Pursues Previously Announced Brokered Offering
Portfolio Pulse from
Canterra Minerals Corporation has announced a non-brokered private placement to raise up to C$3.5 million, cancelling a previously planned brokered offering. The funds will be raised through the sale of Units and Flow-Through Shares, with Red Cloud Securities acting as a finder.
December 11, 2024 | 12:15 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Canterra Minerals is raising up to C$3.5 million through a non-brokered private placement, cancelling its previous brokered offering plan. This move could provide the company with necessary capital while avoiding broker fees.
The non-brokered private placement allows Canterra to raise capital without incurring broker fees, potentially improving its financial position. The cancellation of the brokered offering suggests a strategic shift, which could be seen positively by investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100