Metallica Metals Announces $1.0 Million Private Placement

VANCOUVER, British Columbia, Dec. 08, 2021 (GLOBE NEWSWIRE) — Metallica Metals Corp. (CSE: MM) (OTC: MTALF) (FWB: SY7P) (the “Company” or “Metallica Metals”) is pleased to announce a non-brokered private placement (the “Private Placement”) of flow-through units of the Company (the “FT Units”) at a price of $0.18 per FT Unit. Each FT Unit consists of one (1) flow-through common share of the Company (each a “FT Common Share”) and one transferable warrant (each a “Warrant”) that is exercisable to purchase one additional common share (each a “Common Share”) at a price of $0.25 for a period of two (2) years from closing. The Company will also be issuing non-flow-through units (the “Units”) at a price of $0.15 per Unit. Each Unit consists of one (1) Common Share of the Company and one transferable Warrant that is exercisable to purchase one additional Common Share at a price of $0.25 for a period of two (2) years from closing. The Company intends to raise up to $1,000,000 from the issuance of FT Units and Units. StephenAvenue Securities Inc. will be acting as bookrunner in connection with the Private Placement. Read More