Core Viewpoint - Corcel Exploration Inc. has successfully closed a non-brokered private placement, raising CAD$2,102,723.64 through the issuance of 11,681,798 units at a price of $0.18 per unit, which will be utilized for exploration at the Yuma King Project and for working capital purposes [1][2]. Group 1: Offering Details - The Offering consists of units, each comprising one common share and one-half of a common share purchase warrant, with warrants priced at $0.30 per share and valid for 24 months [1]. - The Company has the option to accelerate the expiry date of the warrants if the ten-day weighted average closing price of the shares reaches or exceeds $0.40 [1]. - Finders fees of $67,459.56 were paid, along with the issuance of 374,775 finders warrants, allowing the purchase of common shares at $0.30 until December 2, 2027 [2]. Group 2: Company Overview - Corcel Exploration is focused on acquiring and exploring mineral resources, particularly precious and base metals, across North America [6]. - The Company has a long-term lease for the Yuma King Copper-Gold project in Arizona, covering 3,200 hectares and including the historically productive Yuma Mine [6]. - Corcel also holds options for the Peak gold exploration project and has a 100% interest in the Willow copper project [6]. Group 3: Corporate Governance - Rosana Batista has been appointed as Corporate Secretary, bringing over 20 years of experience in business administration and governance [5]. - She has previously served as Corporate Secretary for Orogen Royalties Inc. and is a Chartered Governance Professional [6].
Corcel Exploration Closes Non-Brokered Private Placement