Sokoman Minerals Corp.: Sokoman Announces Closing of Non-Brokered Private Placement
ST JOHN'S, NL / ACCESSWIRE / December 16, 2020
?/ Sokoman Minerals Corp. ('Sokoman' or 'the Company') (TSX.V:SIC) (OTCQB:SICNF) today announces that it has received approval from the TSX Venture Exchange to close its non-brokered private placement of flow-through shares (the "Private Placement") announced on December 2, 2020.
The Company will issue 15,000,000 flow-through shares at a price of $0.20 per flow-through share for aggregate gross proceeds of $3,000,000. The flow-through shares will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).
In connection with the private placement, the Company will pay $164,397 in finders' fees and will issue 764,550 broker warrants exercisable at $0.20 for 12 months from the date of issue, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the private placement will be subject to a four-month hold period.