Meta Critical Minerals Completes Over Subscribed Private Placement With Support From New York Investment Bank
Meta Critical Minerals (MTTA.CN) said Friday that it has raised near $6.5 million in a previously announced non-brokered private placement of units, adding that Revere Securities LLC, a New York-based investment bank, "played a central strategic advisory role" in connection with the offering.The company issued near 32.4 million units at $0.20 apiece. Each unit is comprised of one share and one warrant. Each warrant entitles the holder to acquire an additional common share at a price of $0.30 per common share for a period of two years from the close of the offer, subject to acceleration.Proceeds will be used to advance mineral projects, potential acquisitions, and general working capital.Its closed down $0.005, to $0.275 on Thursday, on the Canadian Securities Exchange.
