Traverse has announced a best efforts flow-through offering of up to 2.5 mm CEE common shares at a price of $0.45 per CEE FT share and up to 4.7 mm CDE common shares at a price of $0.40 per CDE FT share for combined gross proceeds of $3.0 mm. The offering is expected to close on or about May 27, 2016 with the proceeds to be used for exploration and development initiatives across the Company's expansive land base in East Central Alberta, namely in the Coyote and Michichi areas.
04 May 2016
ANNOUNCES BROKERED PRIVATE PLACEMENT OF CEE AND CDE FLOW-THROUGH COMMON SHARES FOR GROSS PROCEEDS OF $3 MM
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ANNOUNCES BROKERED PRIVATE PLACEMENT OF CEE AND CDE FLOW-THROUGH COMMON SHARES FOR GROSS PROCEEDS OF $3 MM
- Published:
04 May 2016 -
Author:
Michael Hearn -
Pages:
2
Traverse has announced a best efforts flow-through offering of up to 2.5 mm CEE common shares at a price of $0.45 per CEE FT share and up to 4.7 mm CDE common shares at a price of $0.40 per CDE FT share for combined gross proceeds of $3.0 mm. The offering is expected to close on or about May 27, 2016 with the proceeds to be used for exploration and development initiatives across the Company's expansive land base in East Central Alberta, namely in the Coyote and Michichi areas.