Cornish Metals Inc., a mineral exploration and development company focused on its projects in Cornwall, United Kingdom, is pleased to announce the following:
Richard Williams, CEO of Cornish Metals, stated, “Listing on the AIM Market represents a significant milestone for the Company and offers investors from the United Kingdom the opportunity to be a part of the Company’s growth as we work towards the goal of becoming a domestic supplier of technology metals fundamental to a green economy.”
SP Angel is the Company’s Nominated Adviser and is joint broker with Hannam & Partners. Further to the Company’s February 5, 2021 news release, in connection with the completion of the Fundraising, the following cash commissions have been paid by the Company: (i) approximately £268,400 (C$469,700) in commission to SP Angel; (ii) approximately £138,800 (C$242,900) in commission to Hannam & Partners; and (iii) approximately £10,300 (C$18,000) in commission to Minexia.
As announced on February 11, 2021, the Company has received conditional approval of the Fundraising from the TSX-V. In accordance with such conditional approval, the Company has closed the Fundraising. Common Shares issued under the Fundraising will be subject to a hold period in Canada expiring on June 17, 2021 in accordance with applicable Canadian securities legislation. Under applicable Canadian securities legislation, such hold period will only apply to trades (as defined under applicable Canadian securities legislation) of such Common Shares in Canada.
Find out how Cornwall Trade and Investment can help your business.
Whether you’re looking to locate in Cornwall, or to start exporting beyond its borders, get in touch with our friendly team to talk through your needs.