American Tungsten increases private placement offering to $2.5 million due to market demand.

From GlobeNewswire: 2025-02-21 19:32:44

American Tungsten Corp. has increased its non-brokered private placement offering to up to $2,500,000 due to market demand. The offering consists of 1,562,500 common shares at $1.60 per share. The company aims to use the proceeds for property payments, exploration, marketing, and working capital. The closing of the offering is subject to conditions, including approval from the Canadian Securities Exchange. Finders’ fees of up to 7.0% will be paid, and non-transferable finders’ warrants will be issued. The securities offered have not been registered under the US Securities Act of 1933. The company is involved in mineral property acquisition and exploration, with projects in British Columbia and Idaho.

For more information, visit American Tungsten Corp.’s website or the Offering Document available on SEDAR. The company’s CEO, Murray Nye, can be contacted for further details. The company’s social media links are provided for updates and news. The Canadian Securities Exchange does not accept responsibility for the content of this release. Forward-looking statements in the news release address the completion of the LIFE Offering and the use of net proceeds. Investors should be cautious as actual results may vary from the projections in forward-looking statements.



Read more at GlobeNewswire: American Tungsten Announces Upsize of Non-Brokered LIFE