Treasury Metals Inc. Completes $2.79 Million Offering

On November 21, 2019, Treasury Metals Inc. (“Treasury”) announced the completion of a $2,795,223 offering led by PI Financial Corp. (“PI Financial”). Pursuant to the offering, a total of 9,807,800 flow-through units of Treasury were issued at a price of $0.285 per unit. Each unit consisted of one common share issued on a flow-through basis and one half of one common share purchase warrant issued on a non-flow-through basis. The gross proceeds from the sale of the flow-through units will be used for general exploration expenditures on Treasury’s Ontario properties. Fasken advised a syndicate that was PI Financial and Haywood Securities Inc. with a team that included Brad Freelan, Matthew Downer, Mitchell Thaw, Ryan Kleinman and Jake Woloshyn.