Lucky owns a 100% interest in the Fortuna Property. Lucky is an exploration and development company targeting large-scale mineral systems in proven districts with the potential to host world class deposits. The Offering is subject to final TSX Venture Exchange acceptance. ![]() The net proceeds of the Offering will be used to support the first drill program on the Company's Fortuna Project in Ecuador and for general working capital purposes. The Company relied upon exemptions from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 contained in sections 5.5(a) and 5.7(1)(a), respectively, with respect to the issuance of the Units to the directors, officers and insiders. ![]() Michael Gentile, participated in the Offering and have subscribed for an aggregate of 13,308,893 Units, raising a total of CDN$ $745,298 pursuant to the Offering.Īs a result, the Offering is a related party transaction as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (" MI 61-101"). Officers, directors and insiders, of the Company, which include Mr. Victor Cantore who now respectively have ownership in the Company of approximately 18.5% and approximately 7.4% on a partially diluted basis. The Company will pay no finder's fees in connection with subscriptions from subscribers introduced to this Offering. All the Shares and Warrants issued in connection to the Offering are subject to a statutory hold period expiring four months and one day from the date of issuance. Each Warrant entitles the holder thereof to acquire one additional Share at a price of CDN $0.10 per Share, until the date that is 36 months from the closing (the " Closing") of the Offering. Further to the news release dated May 31, 2022, the Company is pleased to announce the closing of a non-brokered private placement (the " Offering") of 35,714,286 units of the Company (the " Units") at a price of CDN$0.056 per Unit for gross proceeds of CDN $2,000,000.Įach Unit is comprised of one common share (a " Share") and one full three-year common share purchase warrant (a " Warrant"). ![]() (TSXV:LKY) (OTC PINK:LKMNF) (FRA:LKY) (" Lucky" or the " Company"). VANCOUVER, BC / ACCESSWIRE / J/ Lucky Minerals Inc.
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