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Brasnova Energy Materials Inc. — Capital/Financing Update 2021
Feb 8, 2021
45994_rns_2021-02-08_ce10e7b8-cb56-4fe1-a413-ccb0651fd7da.pdf
Capital/Financing Update
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February 8, 2021 News Release
TSX-V: PMR
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PRIME MERIDIAN CLOSES $0.05 UNIT FINANCING
Vancouver, B.C.: Prime Meridian Resources Corp. (“ PMR ” or the “ Company ”) (TSX-V: PMR) further to its February 5, 2021 news release, the Company confirms that it has received Final Approval from the TSX Venture Exchange (the “Exchange”) to close its non-brokered private placement financing for gross proceeds of $998,922.00.
The Company will issue 19,978,3435 Units, each Unit consisting of 1 common share and ½ of a common share purchase warrant, each full warrant being exercisable at $0.15 for 12 months from closing, subject to the right of the Company to accelerate the exercise of the warrants if the shares of the Company trade at or above 25 cents for a period of 10 consecutive trading days.
Pursuant to the policies of the Exchange, the Company will also issue 308,000 Broker Units and pay cash finder fees totaling $40,800. All securities pursuant to this financing will be subject to a four-month hold period.
On behalf of the Board of Directors of Prime Meridian Resources Corp.
"Brian Leeners"
Brian Leeners, CEO & Director 604-862-4184
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved or disapproved the contents of this press release.
1400 – 1040 WEST GEORGIA STREET VANCOUVER, BC, V6E 4H1 (604) 893-8384 http://primemeridianresources.com/