Bighorn Metals Closes $400,000 Private Placement and Debt Settlement in British Columbia
Bighorn Metals Corp. has closed a non-brokered private placement, raising $400,000 through the issuance of 8,000,000 units at $0.05 each. In addition, the company issued 1,500,000 units to settle $75,000 in debts. The proceeds will be used for general working capital. Bighorn Metals also holds an option on the Loljuh Property, a 1,656.73-hectare site in British Columbia, which shows potential for copper-gold mineralization based on previous geochemical surveys.
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Bighorn Metals Corp. has announced the closure of a non-brokered private placement, raising $400,000 from the issuance of 8,000,000 units priced at $0.05 each. Each unit consists of one common share and one warrant, allowing for the purchase of an additional share at $0.10 for four years.
The company also settled $75,000 in outstanding debts by issuing 1,500,000 units at the same price. Proceeds from the offering will support general working capital. Additionally, Bighorn Metals holds an option to acquire the Loljuh Property in British Columbia, which consists of 1,656.73 hectares and shows potential for copper-gold mineralization, as indicated by prior geochemical surveys.
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