Scandium Canada (TSX-V:SCD) on 27 December 2024 closed the second tranche of its previously announced non-brokered flow-through private placement, as well as the closing of the first tranche of its previously announced non-brokered private placement.
The flow-through offering consisted of the issuance of 2.58 million shares, that qualify as “flow-through shares”, at a price of $0.025 per share, for aggregate proceeds of C$64,500.
Proceeds from will be used to prepare for the next 2025 exploration work.
No finder’s fees were paid in connection with the second tranche of offering. and the first tranche of the common sharesoffering.
The flow-through shares and common shares issued are subject to a restricted hold period of four months and one day, ending on 28 April 2025.
The offerings remain subject to the final approval of the TSX Venture Exchange.
Scandium Canada is a technology metals company focused on advancing its flagship scandium project in Québec, Canada, and a high-tech company through the development of aluminium and scandium alloys. Its mission is to contribute to the society’s goal of reducing carbon emissions to zero.
Write to Adam Orlando at Mining.com.au
Images: Scandium Canada
