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Reflex Advanced Announces Closing of Private Placement Offering
Globenewswire· 2026-01-30 22:06
Core Viewpoint - Reflex Advanced Materials Corp. has successfully closed a non-brokered private placement offering, raising gross proceeds of C$199,925 at a price of C$0.175 per Unit, which includes common shares and warrants [1][2] Group 1: Offering Details - The offering consisted of Units priced at C$0.175 each, with each Unit comprising one common share and one warrant [1] - Each warrant allows the holder to purchase one additional share at a price of C$0.23 for a period of 24 months [1] - The total gross proceeds from the offering amount to C$199,925 [1] Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for working capital and general corporate purposes [2] Group 3: Company Overview - Reflex Advanced Materials Corp. is a mineral exploration company based in British Columbia, focusing on developing economic mineral properties in strategic metals and advanced materials [4] - The company aims to enhance domestic specialty mineral infrastructure efficiencies to meet the increasing demand from North American manufacturers [4]