Primary Hydrogen Decreases Size of LIFE Offering to C$1.5 Million
Primary Hydrogen (HDRO.V) decreased the size of its non-brokered private placement under the Listed Issuer Financing Exemption to 2.5-million units at C$0.60 per unit, for up to C$1.5 million from C$2.4 million expected earlier, the company said in a statement overnight Tuesday.Each unit will consist of one common share and one common share purchase warrant with each warrant entitling the holder to buy a share for $0.80 for a two-year period from the date of issuance, provided that the warrants shall not be exercisable for a period of 60 days after the closing date.Closing of the offering is expected on or about July 17, subject to receipt of all necessary approvals. Proceeds will be used for general working capital and general administrative needs and to buy additional exploration properties if suitable opportunities arise, it said.
