On June 29, 2021, Canterra Minerals Corporation closed a non-brokered private placement of 13,581,000 units at a price of $0.20 per unit for gross proceeds of approximately $2.7 million. Each unit consists of one common share of Canterra Minerals and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one common share at an exercise price of $0.30 until June 29, 2023.
Mr. Eric Sprott, through 2176423 Ontario Ltd., acquired 13,181,000 units in the offering, for a total investment of approximately $2.6 million.
Cassels acted for Canterra Minerals.