Breaking News: First Phosphate Plans to Raise $1 Million through Non-Brokered Private Placement!
Description:
Saguenay, Quebec–(Newsfile Corp. – December 18, 2024) – First Phosphate Corp. (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company”) is pleased to announce a non-brokered private placement (the “Proposed Offering”) for gross proceeds of a minimum of $1 million. The Proposed Offering is anticipated to consist of any combination of: Flow-through shares of the Company (“Flow-Through Shares”) at a price of $0.35 per share (“Flow-Through Offering”) ; and Hard dollar units of the Company (“Hard Dollar Unit”) at a price of $0.35 per Hard Dollar Unit (the “Hard Dollar Unit Offering”), with each Hard Dollar Unit comprised of: (i) one common share in the capital of the Company (“Common Share”), and (ii) one half of one Common Share purchase warrant (“Warrant”) with each whole Warrant exercisable for one Common Share at a price of $0.50 per Common Share until December 31, 2025, subject to an Accelerated Expiry Date (as defined below).
How it will affect me:
As an investor, the opportunity to participate in First Phosphate’s non-brokered private placement can be a lucrative investment opportunity. By purchasing Flow-Through Shares or Hard Dollar Units at the specified prices, you have the potential to benefit from the growth of the company and potentially earn a return on your investment.
How it will affect the world:
First Phosphate’s successful private placement will not only boost the company’s capital for its operations and projects but also contribute to the overall economy. By raising $1 million through this offering, the company can further develop its resources, create job opportunities, and potentially expand its reach in the industry, which can have a positive ripple effect on the economy.
Conclusion:
In conclusion, First Phosphate’s decision to raise $1 million through a non-brokered private placement is a significant milestone for the company and its investors. This move can potentially drive growth, create opportunities, and make a positive impact on both individual investors and the broader economy.
