Forsys Metals Closes C$13 Million Bought Deal Private Placement
Nachrichtenquelle: globenewswire | 21.04.2021, 15:09 | 90 TORONTO, April 21, 2021 (GLOBE NEWSWIRE)
Forsys Metals Corp. (TSX: FSY) (FSE: F2T) (NSX: FSY) (“
Forsys” or the “
Company”) is pleased to announce that it has today (the
“Closing Date”) closed its previously announced bought deal private placement financing of 26,000,000 units of the Company (the “
Units”) at a price of $0.50 per Unit for aggregate proceeds to the Company of C$13,000,000 (the “
Offering”). The net proceeds of the Offering will be used for the advancement of the Company’s Norasa Project in Namibia and for general corporate purposes. Each Unit consists of one common share in the capital of the Company (each a “
Last week’s top-gaining stocks on the TSX were Forsys Metals, Advantage Oil and Gas, Hudbay Minerals, Calibre Mining and Athabasca Oil.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) was on the rise last week, closing the four day trading window on Thursday (April 1) at 18,992.1.
The index was supported by the energy and mining sectors, which gained on firmer oil and gold prices.
On Thursday, gold and silver edged higher as the US dollar retreated. Copper was on track for a weekly loss, touching its lowest level in almost a month at US$8,695 per tonne.
Forsys Metals (TSX:FSY)
Last week’s top-gaining stocks on the TSX were Avalon Advanced Materials, Forsys Metals, Nevada Copper, Orosur Mining and Almonty.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) was trending up at midday on Friday (February 19), at 18,347.33, but closed slightly higher at 18,386.96.
Last week, gold was on the rebound as the US dollar weakened, while silver was on track for its second weekly gain. On the base metals front, all eyes were on copper, which hit a nine year high as Chinese markets reopened following Lunar New Year celebrations.
The five TSX-listed mining stocks that saw the biggest gains last week are as follows:
Potential disposal of Zebediela Project URU Metals Limited ( URU or Company ) (LON: URU) has entered into a letter of intent, dated 7 January 2021, with Blue Rhino Capital Corp, a company listed on the TSX Venture Exchange ( TSX-V ) (TSX-V: RHNO.P) ( BRC ) whereby BRC proposes to acquire all of the issued and outstanding share capital of Zebediela Nickel Company (Pty) Ltd. ( ZEB ), which controls the Company s Zebediela Nickel Project in South Africa (the Project ). Transaction Summary Pursuant to the terms of the Transaction, it is contemplated that BRC will consolidate its share capital on a 2.3-for-1 basis (the Consolidation ), following which it will issue 41,000,000 post-Consolidation common shares (the Consideration Shares ) to URU in consideration for all of the outstanding share capital of ZEB. BRC will also assume all ongoing liabilities and obligations of ZEB, which will include a 2.5% royalty on all revenue generated from the Project (the