AI assistant
Homerun Resources Inc. — Capital/Financing Update 2021
May 6, 2021
43255_rns_2021-05-05_73a1d3a2-529d-4c56-a676-db3799b1584c.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
ENVIROTEK REMEDIATION INC.
May 4, 2021
TSX-V Symbol: ETK.H
ENVIROTEK CLOSES FINANCING
Vancouver, B.C.: EnviroTek Remediation Inc. (“ ETK ” or the “ Company ”) (NEX Symbol: ETK.H) announces that, further to its April 26, 2021 news release, it has received conditional approval from the TSX Venture Exchange (the “Exchange”) to close its $0.05 unit private placement financing (the “Financing”) for gross proceeds of $305,882.
The Company will now issue 6,117,640 units, each unit consisting of one common share of the Company and one-half of a common share purchase warrant, with each full warrant entitling the holder to acquire one additional common share of the Company at a price of $0.15 per share for 12 months. The warrants are subject to the right of the Company to accelerate the exercise period of the warrants if shares of the Company trade at or above $0.25 for a period of 10 consecutive trading days.
The Company will also pay a $11,200 cash finders fees to Leede Jones Gable in accordance with Exchange policy.
All securities issue pursuant to the Financing are subject to a 4-month hold period.
Proceeds from the Financing will be used towards the Company’s Homathko Gold Project and for general working capital purposes.
On behalf of the Board of Directors of EnviroTek Remediation Inc.
"Brian Leeners"
Brian Leeners, CEO & Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information please contact:
Brian Leeners, CEO and Director [email protected]
Greg Pearson, Corporate Development [email protected] 1-250-545-1299