Metallic Minerals Corp (MMNGF)

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Metallic Minerals announces $2.75M strategic investment by Eric Sprott
Sep. 30, 2019 10:45 AM ET|

About: Metallic Minerals Corp. (MMNGF)|By: Pranav Ghumatkar, SA News Editor

Metallic Minerals (OTCPK:MMNGF -4.3%) announces a non-brokered private placement of $2.75M through the issuance of 12.5M units at a price of $0.22/Unit.

Upon completion, Eric Sprott will hold a 13% interest in the Company on a non-diluted basis and 19% on a partially diluted basis.

The net proceeds will be used primarily for further exploration of the Keno silver project in Canada’s Yukon Territory.