NUVAU MINERALS INC. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF FLOW-THROUGH SHARES
Summary
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/TORONTO, Dec. 23, 2024 /CNW/ - Nuvau Minerals Inc. (TSXV: NMC) (the "Company" or "Nuvau") is pleased to announce the terms of a proposed non-brokered private placement of up to 2,222,222 common shares of the Company (the "Common Shares") for aggregate gross proceeds of up to $2,000,000 (the "Offering"). The Offering will include the issuance of any combination of Common Shares issued at a price of $0.90 per Common Share (the "National FT Shares") and/or Common Shares issued at a price of $1.03 per Common Share to certain purchasers located in or subject to tax in the Province of Qu\xe9bec (the "Qu\xe9bec FT Shares" and, together with the National FT Shares, the "Flow-Through Shares"). Each Flow-Through Share will qualify as a "flow-through share" as defined in subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act") and section 359.1 of the Taxation Act (Qu\xe9bec) (the "Qu\xe9bec Tax Act"), as applicable.