Brief: Power Metals Announces $3 Million Bought Private Placement

Power Metals

15/12/2017 13:09

Dec 15 (Reuters) - Power Metals Corp  PWM.V : 
    * POWER METALS ANNOUNCES $3 MILLION BOUGHT PRIVATE PLACEMENT 
    * EIGHT CAPITAL HAS AGREED TO PURCHASE 6 MILLION UNITS OF 
COMPANY 
ON A "BOUGHT DEAL" PRIVATE PLACEMENT BASIS AT A PRICE PER UNIT 
OF $0.50 
    * TO USE NET PROCEEDS OF OFFERING FOR EXPLORATION AND 
DRILLING AT 
CASE LAKE PROJECT 
    * AS CONSIDERATION FOR ITS SERVICES, EIGHT CAPITAL WILL 
RECEIVE A 
CASH COMMISSION EQUAL TO 6% OF GROSS PROCEEDS OF OFFERING 
 
Source text for Eikon:  ID:nCCNFyjJKa  
Further company coverage:  PWM.V  
 
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