sur CoTec Holdings Corp. (CVE:CTH)
CoTec Holdings Completes $12.4 Million Fundraising Effort
Vancouver-based CoTec Holdings Corp. has successfully completed its third and final closing of the upsized LIFE Offering, raising a total of $12.4 million. The LIFE Closing added $4,574,546.86 through the issuance of 5,864,800 units at $0.78 each. The overall offering greatly surpassed the initial $10 million target. Funds will support projects including HyProMag USA and Lac Jeannine.
The company issued a total of 10,903,865 units, gaining confidence from both existing and new investors. CEO Julian Treger expressed satisfaction with the support received. CoTec plans to allocate these funds toward technology-enabled resource extraction strategies focusing on sustainability.
Additional compensations were provided to agents from several capital groups as part of the final closing process, aiding in maximizing the fundraising success.
R. P.
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