Financing ·
Pacific Booker proposes upsize non-brokered private placement to raise C$12.0M
PBMLFPacific Booker Minerals Inc.
Pacific Booker Minerals Inc. intends to increase the size of its previously announced non-brokered private placement financing from approximately C$10.0 million to gross proceeds of up to C$12.0 million. The company proposes selling up to 5,128,206 units at a price of C$2.34 per unit. Each unit consists of one common share and one warrant exercisable at $2.75 per share for 36 months. Proceeds will advance the Morrison project and fund general corporate purposes. The transaction remains subject to TSX Venture Exchange approval and customary closing conditions, with subscribers agreeing to a six-month contractual lock-up period. Pacific Booker Minerals Inc. operates in the mining exploration sector, focusing on mineral projects.