Traverse announces that it has closed the second and final tranche of its previously announced non-brokered private placement of common shares of the Corporation issued on a "flow through" basis within the meaning of the Income Tax Act at $0.84 per Share. The Corporation issued 1,608,750 Shares for gross proceeds of $1,351,350 in the Final Tranche. These Shares are subject to a hold period under applicable securities law [...]
Traverse is pleased to announce that it has successfully closed a first tranche of its previously announced non-brokered private placement of common shares of the Corporation issued on a "flow through" basis eligible for the renunciation of Canadian development expenses within the meaning of the Income Tax Act. The Corporation issued 2,391,250 Shares for gross proceeds of $2,008,650.
Traverse reports that due to the oversubscription of its previously announced non-brokered private placement, the Corporation is increasing the size of its private placement of common shares of the Corporation to be issued on a "flow through" basis eligible for the renunciation of Canadian development expenses within the meaning of the Income Tax Act at $0.84 per Share. The Corporation will now issue up to 4,000,000 [...]
Traverse intends to complete a non-brokered private placement of up to 2,400,000 common shares of the Corporation to be issued on a "flow through" basis eligible for the renunciation of Canadian development expenses within the meaning of the Income Tax Act at $0.84 per Share for total gross proceeds of $2,016,000. Completion of the Private Placement is subject to certain conditions including, but not limited to, the [...]
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