on CoTec Holdings Corp. (CVE:CTH)
CoTec Holdings Reports Completion of Warrant Exercise by Kings Chapel
CoTec Holdings Corp. has announced that Kings Chapel International executed 833,332 share purchase warrants. The warrants, set with a $1.20 per share price, brought approximately $1 million in gross proceeds to CoTec. The total issued and outstanding common shares amount to 99,940,639 following this exercise.
Julian Treger, CEO of CoTec, highlighted that this exercise reinforces the company’s balance sheet and showcases Kings Chapel's ongoing support. The funds from the exercise are set to boost CoTec's financial flexibility, aiding its strategic materials and resource recovery investments.
Kings Chapel is linked to Julian Treger and holds a long-term shareholder position in CoTec. This activity is part of CoTec's broader aim to enhance its portfolio and technological integration in strategic materials.
R. P.
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