US EditionDistrict Metals announces and fills a C$6M no-warrant placement
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District Metals announces and fills a C$6M no-warrant placement
Just a few hours after District Metals (DMX.V) announced it planned to raise C$6M in a financing, it already fully allocated the book. An initial C$5M tranche was structured as a LIFE financing priced at C$0.27 (no warrants were issued) with a concurrent C$1M non-brokered private placement financing at the same price. While the company didn’t really ‘need’ the money, it puts District in a much more comfortable position while it is waiting for th…
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