Equity Metals (EQTY.V) completed a flow-through capital raise just before the end of the year, raising C$1.6M by issuing 8.5 million premium flow-through units priced at C$0.19. Each unit consisted of one flow-through share and a full warrant allowing the warrant holder to purchase an additional (non flow-through) share at C$0.18 for a period of five years after closing.
That is a very generous warrant, but Equity Metals will be happy to have the cash in the bank as it will allow the company to continue to push forward with its exploration plans at the flagship Silver Queen project in 2024.
Disclosure: The author has a long position in Equity Metals. Equity is a sponsor of the website. Please read the disclaimer.
