The private placement was initially announced in a press release of the Company on
Each Unit consists of one (1) common share (a 'Common Share') and one-half (1/2) common share purchase warrant (each whole common share purchase warrant, a 'Warrant'). Each full Warrant entitles the holder thereof to purchase one Common Share in the capital of the Company for a price of
A finder's fee may be paid in the amount of 6% cash and the issuance of broker warrants equal to 6% of the Units issued in the Offering, with each broker warrant entitling the holder to acquire one common share of the Company for a period of eighteen (18) months from the date of issuance at an exercise price of
The Units will be offered for sale to purchasers resident in
The Company has filed an amended offering document related to the Listed Issuer Financing Exemption that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at https://www.madisonmetals.ca. Prospective investors should read this amended offering document before subscribing for any securities issued in connection with the Offering.
Madison has hired
The proceeds from the Offering will be used by the Company primarily to commence drilling activities at the Khan high-grade uranium discovery in
About
Additional information about
Contact:
Executive Chairman & CEO
Tel: +1 (416) 489-0092
Email: ir@madisonmetals.ca
Media
Manager, Media & Analyst Relations
Tel: +1 (416) 489-0092
Email: media@primorisgroup.com
Forward Looking Statements Caution
This news release contains 'forward-looking information' within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as 'may', 'will', 'expect', 'likely', 'should', 'would', 'plan', 'anticipate', 'intend', 'potential', 'proposed', 'estimate', 'believe' or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions 'may' or 'will' happen, or by discussions of strategy. Forward-looking information contained in this press release includes, but is not limited to, statements relating to the terms and timing of the private placement described in this press release and the anticipated uses of the proceeds raised from such private placement.
Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that: the Company will receive all necessary approval required in order to complete the issuance of the securities pursuant to the private placement described in in this press release and that there will be sufficient interest from potential investors in order to complete the private placement on the terms as described herein or at all.
However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, the risk that the Company will not be able to proceed with the issuance of units on the terms described in this press release or at all.
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