Electric Royalties Announces Filing of Amended and Restated Offering Document
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Electric Royalties Ltd. has filed an amended offering document for a private placement of up to 22,222,223 units, aiming to raise approximately $4 million. Each unit is priced at C$0.18 and includes one common share and one warrant.
December 27, 2024 | 11:00 pm
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Electric Royalties Ltd. has filed an amended offering document for a private placement to raise approximately $4 million. This could impact the stock price as it involves issuing new shares and warrants.
The issuance of new shares and warrants can lead to stock dilution, potentially putting downward pressure on the stock price in the short term. The offering aims to raise significant capital, which is relevant for investors.
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