Elton Resources Raises $3.47 Million in Flow-Through Private Placement
Bitget2026/10/30 21:01- Elton Resources closed a non-brokered private placement of 15,780,328 flow-through units at $0.22 each, raising $3.47 million on October 30, 2026.
- Each unit comprises one flow-through common share and one-half of a flow-through common share purchase warrant.
- Each whole warrant is exercisable for one non-flow-through common share at $0.30 for three years from issuance.
- Proceeds will fund qualifying Canadian critical mineral exploration expenditures by December 31, 2027, with renunciation effective no later than December 31, 2026.
- The offering remains subject to final TSX Venture Exchange approval.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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