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Treasury Metals Announces Closing of Private Placement Financing

Newswire.ca - Thu Jun 1, 2023

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TSX: TML OTCQX: TSRMF

TORONTO, June 1, 2023 /CNW/ - Treasury Metals Inc. (TSX: TML) (OTCQX: TSRMF) ("Treasury" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement (the "Offering"), raising gross proceeds of approximately $1.41 million through the issuance of 3.11 million common shares ("FT Shares") at a price of $0.452 per FT Share which qualify as "flow-through shares" with respect to "Canadian exploration expenses" within the meaning of the Income Tax Act (Canada) (the "ITA").

Read more at newswire.ca

Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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