Palladium One Announces Increase in Brokered Private Placement Financing from C$3 million to C$4.2 million
TORONTO, ON, Dec 3, 2022 - (ACN Newswire via SEAPRWire.com) - Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the "Company" or "Palladium One") is pleased to announce that it has increased the previously announced brokered private placement from $3 million to $4.2 million.The Company will issue up to 21,000,000 units on a charity flow-through basis (the "Charity FT Units") at a price of $0.20 per Charity FT Unit (the "Charity FT Issue Price") for gross proceeds of up to $4,200,000 ("Offering"). Each Charity FT Unit will consist of one common share of the Company (each, a "Charity FT Share") and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant, a "Charity FT Warrant"), and each Charity FT Share and Charity FT Warrant will be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada). Each Charity FT Warrant will entitle the holder thereof to purchase one non flow-through Common Share (a "Warrant Share") at an exercise price of $0.20 for a period of 36 months from the date of issuance thereof. The Charity FT Units will be offered for sale to purchasers in all the provinces and territories ...
