Clean Air Metals closes C$6.2 million financing tied to Springbok Ventures amalgamation deal
Bitget2026/09/22 23:36- Clean Air Metals is pursuing a business combination with Fiore-backed Springbok Ventures via a three-cornered amalgamation.
- Springbok shareholders would receive Clean Air Metals shares, leaving Springbok and a Clean Air Metals subsidiary as a wholly owned unit.
- Deal aims to fund work at the Thunder Bay North Critical Minerals Project while advancing exploration at Springbok’s Maude Lake Property.
- Transaction financing closed alongside the process, raising about C$ 6.2 million through subscription receipts held in escrow pending completion conditions.
- A 10-for-1 share consolidation is slated immediately before the amalgamation, with receipt conversions issued on a post-consolidation basis.
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