On December 2, 2021, Hemlo Explorers Inc. completed a non-brokered private placement of 6,214,776 units and 1,649,300 flow-though units for aggregate gross proceeds of approximately $1.8 million. Each unit consists of one non flow-through common share and half of one common share purchase warrant. Each flow-through unit consists of one flow-through common share and half of one warrant. Each warrant is exercisable to acquire one common share of the company at an exercise price of $0.40 per warrant share until May 25, 2023.
Cassels acted for Hemlo Explorers.