Electric Metals Announces Second Extension of Private Placement
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Electric Metals (USA) Limited has announced a 30-day extension for closing the second tranche of its non-brokered private placement, aiming to issue up to 10 million common shares at CAD$0.10 each, potentially raising CAD$1 million.
January 13, 2025 | 10:15 pm
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Electric Metals (USA) Limited has extended its private placement by 30 days to issue up to 10 million shares at CAD$0.10 each, aiming to raise CAD$1 million.
The extension of the private placement indicates the company's ongoing efforts to raise capital. However, the impact on the stock price is neutral in the short term as it does not directly affect operational performance or market conditions.
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