On a portentous Monday, when more signs pointed to tension and military hostilities, what a treat it must have been to read something certain and positive.
Vancouver-based Hanna Metals Limited (TSX-Venture:HAN) announced the closing of its non-brokered private placement financing announced last Christmas Eve. HAN has issued 1,500,000 common shares of the company at a price of a dime per common shares, adding up to gross proceeds of $150,000.
Hannan, a natural resources and exploration company developing sustainable and ethical resources of metal needed to meet the transition to a low carbon economy, intends to use the funds for exploration on its Peruvian properties.
Much of the rest of the funds will be devoted to working capital and general corporate purposes.
HAN shares climbed a penny, or 5.3%, to 20 cents, on volume of 43,500 shares.
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