Cleghorn Minerals Completes $210,000 Private Placement Financing

Cleghorn Minerals ( (TSE:CZZ) ) just unveiled an update.

Cleghorn Minerals Ltd. has successfully completed a non-brokered private placement financing, raising $210,000 through the issuance of 4,200,000 units. Each unit consists of one common share and one purchase warrant, allowing holders to buy additional shares at $0.08 until January 31, 2028. Notably, two insiders participated in this offering, constituting a related party transaction under TSX policy. The proceeds will be allocated for general corporate purposes, with all securities subject to a holding period until June 1, 2025.

More about Cleghorn Minerals

Cleghorn Minerals Ltd. is a junior mineral exploration company with a 100% interest in the Meech Lake – Matachewan Prospect, located in northeastern Ontario. The company is subject to an aggregate 3.5% net smelter return (NSR) on its property.

YTD Price Performance: 0.0%

Average Trading Volume: 113,500

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$2.76M

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