09:55 AM EST - Ares Strategic Mining Inc : Announces it has closed the first tranche of its previously announced offering of units by issuing 11,111,112 Units at a price of $0.45 per Unit, for aggregate gross proceeds of $5,000,000.40 pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions. Each Unit shall consist of one common share in the capital of the Company and one-half of one non-transferable Common Share purchase warrant. Each Warrant will be exercisable into one Common Share at a price of $0.55 per Warrant Share for a period of two years following the date of issuance. Ares Strategic Mining Inc
shares C.ARS are trading up $0.04 at $0.51.
Full Press Release: https://www.baystreet.ca/quotedata/quote.aspx?ticker=ARS%3ACNX&qmodStoryID=5636262817230136
