Turmalina Announces Closing of Oversubscribed Offering of Units
VANCOUVER, British Columbia, March 22, 2024 (GLOBE NEWSWIRE) — Turmalina Metals Corp. (“Turmalina”, or the “Company”; TBX-TSXV, TBXXF-OTCQX, 3RI-FSE) is pleased to announce that it has closed its previously announced non-brokered private placement offering (the “Offering”) for aggregate gross proceeds of approximately $2,100,000, from the issuance of 21,000,000 units of the Company (the “Units”) at a price of $0.10 per Unit, representing an oversubscription of the Offering as originally announced on March 14, 2024. Each Unit is comprised of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant is exercisable to acquire one Common Share (a “Warrant Share”) at a price of $0.15 per Common Share for a period of 24 months from the date of issuance.
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