Corcel Exploration Closes Non-Brokered Private Placement Raising CA$2.7 Million

MT newswire2026/10/09 12:31

08:31 AM EDT, 10/09/2026 (MT Newswires) -- Corcel Exploration (CRCL.CN) closed its non-brokered private placement issuing around 26.8 million units priced at CA$0.10 each, raising gross proceeds of around CA$2.7 million, it said Friday. Each unit will be made up of a share and one-half of a warrant, with each whole warrant entitling the holder to buy an additional share at a price of CA$0.20 per warrant share until the date which is two years following the closing date, or Oct. 8, 2028, said the company. The company plans to use the net proceeds for exploration at its Yuma King Project in Arizona and for working capital purposes, it added.

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