Lucky Minerals Plans 600,000 in Exploration Spending at Prudhomme Property
Bitget2026/10/22 20:09- Lucky Minerals plans to acquire 100% of Quebec’s Prudhomme Property under amended option terms, subject to conditions and a gross metal royalty.
- Approximately $3.05 million in planned private placement proceeds will fund $600,000 in exploration and $1.62 million in administrative expenses and liabilities.
- Share issuance obligations total $750,000, capped at 7,500,000 common shares with a $0.10 floor price.
- A proposed 2% gross metal royalty would take effect upon option exercise, subject to TSXV acceptance, with a $2 million buy-down for 1%.
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