Peterson McVicar acts for Galway Metals Inc. in $5.1 Million Private Placement
On December 21, 2017, Galway Metals Inc. (“Galway Metals”) announced it had closed a non-brokered private placement of 860,000 Hard Dollar Units (“HD Units”) at a price of CAN$0.35 per HD Unit and 465,116 Flow-Through Units (“FT Units”) at a price of $0.43 per FT Unit for total gross proceeds of $501,000 (the “Offering”).
Galway Metals intends to use net proceeds from the Offering to complete field work on its Estrades and Clarence Stream properties in western Québec, Canada and New Brunswick, Canada, respectively.
Galway Metals is well capitalized with two gold projects in Canada, Clarence Stream, an emerging gold district in New Brunswick, and Estrades, the former producing, high-grade VMS mine in Quebec.
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