York Harbour Announces Private Placement of Units
York Harbour Metals (CSE: YORK) (OTCQB: YORKF) has announced a non-brokered private placement offering of up to 6,000,000 units at $0.05 per unit, aiming to raise gross proceeds of up to $300,000. Each unit includes one common share and one transferable warrant, exercisable at $0.075 per common share for 5 years from closing. The company's CEO and President, Blair Naughty, who currently holds a 14.8% stake, is expected to lead the investment, potentially increasing his ownership to approximately 20% upon completion.
York Harbour Metals (CSE: YORK) (OTCQB: YORKF) ha annunciato un'offerta di collocamento privato non intermediazione di fino a 6.000.000 di unit脿 al prezzo di $0,05 per unit脿, con l'obiettivo di raccogliere un incasso lordo fino a $300.000. Ogni unit脿 comprende una azione ordinaria e un warrant trasferibile, esercitabile a $0,075 per azione ordinaria per 5 anni dalla chiusura. Il CEO e Presidente dell'azienda, Blair Naughty, che attualmente detiene una partecipazione del 14,8%, dovrebbe guidare l'investimento, aumentando potenzialmente la sua propriet脿 a circa il 20% al completamento.
York Harbour Metals (CSE: YORK) (OTCQB: YORKF) ha anunciado una oferta de colocaci贸n privada sin intermediarios de hasta 6,000,000 de unidades a $0.05 por unidad, con el objetivo de recaudar ingresos brutos de hasta $300,000. Cada unidad incluye una acci贸n com煤n y un warrant transferible, ejercitable a $0.075 por acci贸n com煤n durante 5 a帽os a partir del cierre. El CEO y Presidente de la empresa, Blair Naughty, quien actualmente posee un 14.8% de participaci贸n, se espera que lidere la inversi贸n, aumentando potencialmente su propiedad a aproximadamente el 20% tras la finalizaci贸n.
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York Harbour Metals (CSE: YORK) (OTCQB: YORKF) a annonc茅 une offre de placement priv茅 non interm茅diaire allant jusqu'脿 6 000 000 d'unit茅s au prix de 0,05 $ par unit茅, visant 脿 lever des produits bruts allant jusqu'脿 300 000 $. Chaque unit茅 comprend une action ordinaire et un bon de souscription transf茅rable, exer莽able 脿 0,075 $ par action ordinaire pendant 5 ans 脿 compter de la cl么ture. Le PDG et pr茅sident de l'entreprise, Blair Naughty, qui d茅tient actuellement 14,8 % des parts, devrait diriger l'investissement, augmentant ainsi potentiellement sa participation 脿 environ 20 % une fois l'op茅ration termin茅e.
York Harbour Metals (CSE: YORK) (OTCQB: YORKF) hat eine nicht vermittelte Privatplatzierung von bis zu 6.000.000 Einheiten zu einem Preis von $0,05 pro Einheit angek眉ndigt, mit dem Ziel, Bruttoeinnahmen von bis zu $300.000 zu generieren. Jede Einheit besteht aus einer Stammaktie und einem 眉bertragbaren Warrant, der f眉r 5 Jahre ab Abschluss zu einem Preis von $0,075 pro Stammaktie ausge眉bt werden kann. Der CEO und Pr盲sident des Unternehmens, Blair Naughty, der derzeit 14,8% der Anteile h盲lt, wird voraussichtlich die Investition leiten und k枚nnte seinen Anteil bei Abschluss auf etwa 20% erh枚hen.
- CEO increasing personal investment shows management confidence
- Secured additional funding of $300,000 through private placement
- 5-year warrant term provides long-term financing flexibility
- Dilution of existing shareholders' ownership
- Low unit price of $0.05 indicates potential market weakness
- Relatively small financing amount may not be sufficient for long-term needs
Vancouver, British Columbia--(Newsfile Corp. - December 16, 2024) - YORK HARBOUR METALS INC. (CSE: YORK) (OTCQB: YORKF) (the "Company" or "York Harbour") announces a non-brokered private placement financing of up to 6,000,000 units ("Units") at
The Company anticipates a lead order from Mr. Blair Naughty, CEO and President of the Company, for the Private Placement. Upon completion of the Private Placement, Mr. Naughty's investment combined with his existing holdings will further increase his equity stake in the Company, currently at
About York Harbour Metals
York Harbour Metals Inc. is a mineral exploration and development company focused on high-grade projects in Newfoundland. The Company has recently closed the first milestone of an Option Agreement with Firetail Resources Limited on the York Harbour Copper-Zinc-Silver Project, located approximately 27 km from Corner Brook, Newfoundland. Additionally, York Harbour holds a
On Behalf of the Board of Directors,
"Blair Naughty"
CEO and President
Email: [email protected]
Phone: 778-302-2257 or 604-341-6870
Website:
Forward-Looking Statements:
This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this news release are forward-looking statements that involve risks and uncertainties.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.
No securities regulatory authority or stock exchange has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release.
To view the source version of this press release, please visit
FAQ
What are the terms of York Harbour Metals' (YORKF) December 2024 private placement?
How much will CEO Blair Naughty's ownership increase after the YORKF private placement?
What is the exercise price and term for the warrants in YORKF's December 2024 offering?
How much capital is York Harbour Metals (YORKF) raising in its December 2024 private placement?
