Agoracom: Small Cap Investment - Grid Metals Corp - TSXV-Listed Grid Metals Down 6% As It Closed C$0.8 Million Private Placement of Flow-Through Share Units

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Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

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Sincerely,

George et al

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TSXV-Listed Grid Metals Down 6% As It Closed C$0.8 Million Private Placement of Flow-Through Share Units

posted on Jun 04, 2020 12:05PM

2020-06-04 11:37:28 AM ET (MT Newswires)

11:37 AM EDT, 06/04/2020 (MT Newswires) -- Grid Metals (GRDM.V) was down 6% after the company on Thursday said it closed a private placement of flow-through share units that raised C$0.8 million for a drill program at the East Bull Lake Palladium property in northeastern Ontario.

The company sold five-million units in the placement, with each priced at C$0.16 and made up of a tax-advantaged share and one-half of a two-year warrant to buy a common share for C$0.26.

The company said it will begin its drilling program at the East Bull Lake property next week after carrying out a geophysical study to identify likely targets.

Grid shares were last seen down C$0.015 to C$0.235 on the TSX Venture Exchange.

Price: 0.24, Change: -0.02, Percent Change: -6.00

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