First Tellurium Closes Third and Final Tranche of Private Placement, Engages IR Consultant and Grants Stock Options
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Vancouver, BC, Canada, Jan. 03, 2023 (GLOBE NEWSWIRE) — First Tellurium Corp. (CSE: FTEL, OTC FSTTF) (the “Company” or “First Tellurium”) announces it has closed the third and final tranche (the “Third Tranche“) of a non-brokered private placement (the “Offering”) previously announced on October 16, 2022. The Company has issued 1,250,000 units for gross proceeds of $125,000. Together with the first tranche closing announced November 17, 2022 for $404,000 (comprised of 2,600,000 flow-through shares at a price of $0.14 for proceeds of $364,000 and 400,000 units at $0.10 per unit for proceeds of $40,000), the second tranche closing of announced December 20, 2022 for $986,600 (comprised of 150,000 flow-through shares at a price of $0.14 for proceeds of $21,000 and 9,656,000 units at $0.10 per unit for proceeds of $9,656,000) and the third tranche closing, the Company has raised a total of $1,130,600 from the sale of 10,646,000 units and $385,000 from the sale 2,750,000 flow through shares.
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