on High Tide Resources Corp. (CVE:HTRC)
High Tide Resources Completes Private Placements, Raises $8.3 Million
High Tide Resources Corp. has finalized its concurrent non-brokered private placements, raising $8,327,000. The offerings included 7,500,000 LIFE HD units priced at $0.20, 22,500,000 charity flow-through units at $0.27, and 3,760,000 Non-LIFE units at $0.20.
The proceeds will support exploration efforts at Labrador West Iron Project, including drilling, metallurgical tests, and environmental studies. Additional funds will cover general corporate expenses.
Eligible finders received a cash commission of $508,250 and 1,991,500 finder warrants.
Insiders purchased 2,470,000 units under the "related party transaction" exemption, with securities subject to a four-month hold.
The offerings await final approval from the Canadian Securities Exchange.
R. P.
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