Clean Air Metals closes C$150,000 private placement
Thunder Bay, Ontario - Clean Air Metals Inc. has successfully completed a non-brokered private placement of 2.5 million flow-through common shares at C$0.06 per share, raising a total of C$150,000, according to a recent press release. These flow-through shares are eligible under subsection 66(15) of Canada's Income Tax Act. The proceeds from this offering will be utilized to further develop and explore the Thunder Bay North Critical Minerals Project as well as cover various Canadian exploration expenses that qualify as flow-through mining expenditures.
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