Blast Minerals Inc. (CSE: BLST) announces the extension of its non-brokered private placement offering of non-transferrable unsecured convertible debentures. The company plans to raise funds for working capital and general corporate purposes.
”) announces that, further to its news release on July 30, 2024, it has extended its non-brokered private placement offering of non-transferrable unsecured convertible debentures . The Conversion by holders of Debentures of all or any part of the principal amount of the Debentures will be restricted and prohibited unless the Company has, within six months following the closing date of the Offering, completed arm’s length equity financing for minimum gross proceeds of $600,000.
The Debentures and any securities issuable upon conversion will be subject to a four month and one day hold period in accordance with applicable Canadian securities laws.Blast is a mineral exploration company trading on the Canadian Securities Exchange. The Company has an option over a mineral exploration project in Saskatchewan. The project is located near Highway 955 south of Wales Lake and sits just outside the southwest margin of the Athabasca Basin.
number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with mineral exploration generally and results from anticipated and proposed exploration programs, conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals
Neither the CSE Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Mining Exploration Financing Canada Saskatchewan
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