$HHE.CN

2 stories mentioning HHE.CNUpdated 15d ago

Every FINWIRES story that references HHE.CN, newest first.

First Atlas Resources Raises $2.1 Million in a Private Placement of Share Units

First Atlas Resources (HHE.CN) on Monday said it closed a bought-deal private placement of share units that raised $2.1 million.The company placed 30.3-million units, including the partial exercise of the over-allotment option, priced at $0.07 and of a share and a three-year warrant to buy a share for $0.09.common share purchase warrant. Each warrant shall entitle the holder to buy a share for $0.09 until June 8, 2029.Proceeds will be used for general working capital needs.Shares of the company were last seen down $0.0025 to $0.0475 on the Canadian Securities Exchange.

$HHE.CN

Mining & Metals56d ago

First Atlas Resources Sells MacKenzie East Claims in Quebec to LaFleur Minerals

First Atlas Resources (HHE.CN) on Tuesday said it agreed to sell a 100% interest in its MacKenzie East Claims located in the Val-d'Or gold camp, Quebec, to LaFleur Minerals (LFLR.CN) in a cash and stock deal.LaFleur will buy the property in exchange for $30,000 in cash, and 175,000 shares of LaFleur Minerals. The cash portion is payable within 48 hours of execution of the agreement, the company said.The share consideration will be issued upon receipt of exchange acceptance or, if not required, within five business days following closing of the deal. The property consists of 46 mineral claims covering about 1,781 hectares.The deal allows First Atlas to monetize a non-core asset while retaining exposure to the upside of the Val-d'Or region through its equity interest in LaFleur, it added.Shares of First Atlas were last seen down $0.005 to $0.10 on the Canadian Securities Exchange.

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