The Company is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in Canada and the USA. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
THE TRUE STORY OF FMAN PART 10 REGISTRATION
Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. The securities offered have not been registered under the U.S. We look forward to keeping you updated as we progress." These funds will allow Freeman to complete a work program as the Company works toward a maiden National Instrument 43-101 compliant gold mineral resource estimate, focusing on near surface, oxide material defined by previous operators. The strong demand is a testament to the quality and potential of the Lemhi gold project located in Idaho, USA. The Company issued to the Underwriters broker warrants to acquire an aggregate of 1,418,650 common shares of the Company, exercisable at any time prior to Jat the exercise price of $0.50 per common share.įreeman intends to use the proceeds of the Offering for exploration work on the Company's Lemhi gold project in Idaho, USA and its Comstock property in British Columbia, Canada with additional proceeds utilized for general and administrative expenses and working capital.įreeman's Chief Executive Officer and Director, Will Randall, commented, "We thank existing shareholders, new investors and the syndicate of Underwriters for their support via this oversubscribed bought deal financing. and Stifel GMP, as co-lead underwriters, and PI Financial Corp. The Offering was conducted by Canaccord Genuity Corp. The Company issued 20,690,000 common shares, including common shares issued pursuant to the exercise of the over-allotment option. (CSE: FMAN) (FSE: 3WU) (the " Company" or " Freeman") is pleased to announce that it has closed the previously announced bought deal public offering of common shares of the Company for aggregate gross proceeds of approximately $10.35 million (the " Offering").
Vancouver, British Columbia-(Newsfile Corp.
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