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Cunico Metals Inc. Announces $4 Million Pre-IPO Private Placement
July 4, 2024

Cunico Metals Inc. has launched a best-efforts Pre-IPO Private Placement to raise gross proceeds of up to $4,000,000. The offering is structured to include up to $2,000,000 in Common Units priced at $0.56 per unit and up to $2,000,000 in Federal Flow-Through (FT) Units priced at $0.72 per unit. Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to acquire an additional common share at an exercise price of $0.80 for a period of 36 months. Proceeds generated from the Common Units will be utilized to advance the Veronneau Property and for general corporate and working capital purposes, whereas the capital raised from the Federal FT Units is designated strictly for incurring Qualifying Expenditures at the Veronneau Property. The targeted closing date for the transaction is May 28, 2026, subject to the company’s discretion.

     

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