Primary Hydrogen Corp. announced that it intends to complete a non-brokered private placement (the “Private Placement”) of up to 1,875,000 units of the Company at a price of $0.40 per FT Unit to raise gross proceeds of up to $750,000.
Each FT Unit consists of one common share of the Company to be issued as a “flow-through share” within the meaning of within the meaning of the Income Tax Act (Canada) and one half of a common share purchase warrant (each whole warrant, a “Warrant”) each of which is exercisable to acquire one common share for 18 months following closing at an exercise price of $0.55.
Proceeds from the Private Placement be used to incur “Canadian exploration expenses” as defined in subsection 66.1(6) of the Income Tax Act (Canada) on the Company’s properties.
About Primary Hydrogen Corp.
Primary Hydrogen Corp. is a natural hydrogen exploration company with an extensive portfolio of properties covering over 210 square kilometres across Canada including the Blakelock and Hopkins projects in Ontario, the Mary’s Harbour project in Labrador, the Point Rosie project in Newfoundland, and the Crooked Amphibolite, Coquihalla, and Cogburn projects in BC. The Company also holds the Arthur Lake copper project in British Columbia.
Photo of Primary Hydrogen Corp
Press release https://tinyurl.com/2uenjunr
