on Temas Resources Corp. (isin : CA87975Q2099)
Temas Resources Concludes Final Stage of Financing with Over-Subscription
Temas Resources Corp. announced the closing of its second and final tranche of a non-brokered private placement, generating $531,000 by issuing 2,655,000 units at $0.20 each. This closure follows previously disclosed announcements and marks an over-subscription of their original financing target by approximately 15%, amassing a total of $1,719,738 from both tranches.
Each unit comprises one common share and half a common share purchase warrant; each full warrant allows purchase of an additional share at $0.40 for two years post-closing. The newly acquired funds are earmarked for advancing exploration programs and addressing general corporate needs. A nominal fee and finder’s warrants were issued as part of the finder’s fee arrangement.
Securities issued during this financing are subject to a four-month hold period as per Canadian securities regulations. This operational step consolidates further capital inflow, supporting the Company's continued exploration in critical mineral projects and general corporate operations.
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