Greenland Resources Inc. Completes $8.3 Million Private Placement Offering of UnitsMarch 26, 2021
Greenland Resources Inc. (“Greenland Resources”), a Canadian reporting issuer focused on the development of its world class pure molybdenum deposit located in central east Greenland, completed an over-subscribed private placement offering of units (“Units”) for aggregate gross proceeds of approximately $8.3 million on March 26, 2021 (the “Offering”). Each Unit is comprised of one common share (“Common Share”) and one half of one common share purchase warrant (“Warrant”) in the capital of Greenland Resources. Each Warrant entitles a holder to purchase one Common Share at an exercise price of $0.60 for a period of 24 months from the date on which Greenland Resources is listed on a recognized Canadian stock exchange.
The Offering was conducted by a syndicate of agents led by Canaccord Genuity Corp. and PowerOne Capital Markets Ltd. and included Haywood Securities Inc.
Wildeboer Dellelce LLP acted for the agents in connection with the Offering with a team consisting of Perry Dellelce, Peter Volk, Sarim Ali and Nick Robelek (corporate/securities).
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