Discovery Energy Metals (OTCQB:DEMCF) has completed a non-brokered private placement of 10,000,000 units of the company for $0.10 per unit for gross proceeds of $1,000,000.
Each unit is comprised of one common share of the company and one transferable share purchase warrant, with each warrant exercisable to acquire one common share of the company at a price of $0.15 per share for 24 months from the date of issuance.
The gross proceeds from the offering will be used for general working capital and property exploration.
