Temas Resources Corp. Announces Private Placements for Up to C$500,000
Temas Resources Corp. (Temas or the Company), a mineral exploration company trading on the Canadian Securities Exchange (CSE) under the symbol TMAS, the OTCQB under TMASF, and the Frankfurt Stock Exchange under 26P0, is thrilled to announce two non-brokered private placements. The offerings aim to raise a total of C$500,000 from the sale of up to 6,666,666 Units.
Details of the Listed Issuer Financing Exemption Offering (LIFE)
Under the LIFE Offering, 2,000,000 Units will be offered, each priced at C$0.075. Each Unit comprises one common share and one common share purchase warrant. Each warrant enables the holder to acquire an additional common share at an exercise price of C$0.10 for a period of five years.
Details of the Concurrent Private Placement Offering
A concurrent private placement offering will also be conducted, selling 4,666,666 Units at the same price of C$0.075 per Unit. These Units will not include warrants.
Impact on Temas Resources Corp.
The net proceeds from these private placements will be used to fund ongoing exploration activities, working capital, and general corporate purposes. Temas Resources Corp. believes that these financings will significantly strengthen its financial position and allow for continued growth in its exploration projects.
Impact on the World
The private placements by Temas Resources Corp. are an indication of the ongoing interest in mineral exploration projects. This investment could lead to increased exploration activities and potential discoveries, contributing to the growth of the mining industry. Furthermore, the funds raised will support Temas in its efforts to advance its projects, potentially leading to new jobs and economic development in the regions where Temas operates.
Conclusion
Temas Resources Corp.’s announcement of non-brokered private placements for up to C$500,000 represents a notable step forward for the company. These offerings will provide Temas with the necessary funds to continue its exploration activities and strengthen its financial position. The impact of these private placements extends beyond Temas, as they contribute to the overall growth and development of the mining industry and the regions where Temas operates.
- Temas Resources Corp. announces non-brokered private placements for up to C$500,000
- Two offerings: LIFE Offering and Concurrent Offering
- LIFE Offering: 2,000,000 Units at C$0.075 each, including warrants
- Concurrent Offering: 4,666,666 Units at C$0.075 each, no warrants
- Proceeds to be used for exploration, working capital, and general corporate purposes
- Contributes to the mining industry’s growth and potential discoveries
- Supports Temas in its efforts to advance projects and create new jobs
