Infinitum Copper (INFI.V) is currently raising C$1M in a financing priced at C$0.20 per unit. Each unit consists of one common share of the company as well as a full warrant with each warrant allowing the warrant holder to acquire an additional share of Infinitum at C$0.45 for a period of two years from the closing date.
The proceeds from this financing will be used to fund the exploration activities on both the La Adelita and Hot Breccia projects in Sonora, Mexico and Arizona, USA respectively. Infinitum aims to close the private placement next week, on July 15th.
Disclosure: The author has no position in Infinitum Copper but will participate in the financing. Infinitum currently is not a sponsor of the website but may become one. Please read our disclaimer.
