{"id":5665,"date":"2024-06-29T15:48:50","date_gmt":"2024-06-29T15:48:50","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/06\/29\/coniagas-battery-metals-announces-private-placement\/"},"modified":"2024-06-29T15:48:50","modified_gmt":"2024-06-29T15:48:50","slug":"coniagas-battery-metals-announces-private-placement","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/06\/29\/coniagas-battery-metals-announces-private-placement\/","title":{"rendered":"Coniagas Battery Metals Announces Private Placement"},"content":{"rendered":"<div>\n<p> (TheNewswire) <\/p>\n<div>\n<\/div>\n<p>Vancouver, BC June 28, 2024 TheNewswire Coniagas Battery Metals Inc. (TSXV: COS) announces that it will effect a non-brokered private placement of a maximum of 5,000,000\u00a0units at a price of $0.12 per unit for maximum gross proceeds of $600,000. Each unit will be comprised of one common share and one-half of a common share purchase warrant. Each full warrant will entitle the holder thereof to purchase one additional common share at a price of $0.15 for two years from the date of issuance.<\/p>\n<p> Coniagas will use the net proceeds from the private placement primarily for exploration on the Graal property as well as for metallurgical test work and working capital. <\/p>\n<p> In connection with the private placement, Coniagas will pay a cash finder\u2019s fee in an amount equal to 7% of the proceeds from subscribers identified by finders and will issue warrants to finders in an amount equal to 7% of the number of units issued to subscribers identified by them. Each of the finder\u2019s warrants will entitle its holder to purchase one additional common share of Coniagas at a price of $0.15 for two years from the date of issuance. <\/p>\n<p> Coniagas expects to hold a first closing of the private placement on or before July\u00a011, 2024. The private placement is subject to final approval by the TSX Venture Exchange. <\/p>\n<p><span> About Coniagas Battery Metals Inc. <\/span><\/p>\n<p>Coniagas Battery Metals Inc. is a Canadian junior mining company focused on nickel, copper, cobalt, and platinum group metals in Quebec. Our strategy is to create shareholder value through the development of our mineral properties, with the goal of becoming a critical metals supplier to the EV market. <\/p>\n<p> Coniagas has achieved notable success with geophysics and shallow drilling at its 100% owned Graal project near Saguenay, Quebec, consistently hitting mineralization. This success has confirmed an open-pit deposit model along a 6\u00a0km strike of high-grade nickel and copper, with cobalt, platinum, and palladium byproducts. Upcoming plans include further drilling, an NI 43-101 resource report, metallurgical testing, and consultations with First Nations. The Graal project and immediate work plan are outlined in detail in the \u2018NI 43-101 Technical Report Graal Nickel &amp; Copper Project, Saguenay-Lac-St-Jean, Quebec, Canada\u2019 dated January\u00a017, 2024. The report is available along with other information at the Company\u2019s website <span> https:\/\/coniagas.com\/ <\/span><\/p>\n<p> \u2018Frank J. Basa\u2019 <\/p>\n<p> Frank J. Basa, P. Eng., Order of Engineers Ontario <\/p>\n<p> Chief Executive Officer <\/p>\n<p> For further information, contact: <\/p>\n<p> Frank J. Basa, P. Eng. Ontario <\/p>\n<p> Chief Executive Officer <\/p>\n<p> 416-625-2342 <\/p>\n<p> or: <\/p>\n<p> Wayne Cheveldayoff, Corporate Communications <\/p>\n<p> P: 416-710-2410 E: waynecheveldayoff@gmail.com <\/p>\n<p> You can follow Coniagas on Social Media: <\/p>\n<p> LinkedIn: <\/p>\n<p> X (Twitter): <\/p>\n<p> Facebook: <\/p>\n<p> Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. <\/p>\n<p> Caution Regarding Forward-Looking Statements <\/p>\n<p><span> This news release may contain forward-looking statements regarding Coniagas Battery Metals Inc. (\u2018Coniagas\u2019 or the \u2018Company\u2019) which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address the private placement referred to above, resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. No assurance can be given that any of the foregoing will be achieved. In particular, Coniagas cannot give any assurance that it will be able to complete the private placement referred to above, either in whole or in part. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. The Company does not undertake to update any forward-looking information in this news release or other communications unless required by law. <\/span><\/p>\n<p> Copyright (c) 2024 TheNewswire \u2013 All rights reserved. <\/p>\n<\/div>\n<p>News Provided by TheNewsWire via QuoteMedia<\/p>\n<\/p>\n<div>This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>(TheNewswire) Vancouver, BC June 28, 2024 TheNewswire Coniagas Battery Metals Inc. (TSXV: COS) announces that it will effect a non-brokered private placement of a maximum of 5,000,000\u00a0units at a price of $0.12 per unit for maximum gross proceeds of $600,000. Each unit will be comprised of one common share and one-half of a common share [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":5666,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/5665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=5665"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/5665\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/5666"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=5665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=5665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=5665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}