other material
confidence high
sentiment neutral
materiality 0.50
DynaResource announces US$3.0M private placement with existing stockholders
DYNARESOURCE, INC.
- Gross proceeds of US$3.0M from non-brokered private placement; up to US$6.4M if all warrants exercised.
- Units priced at US$0.45 each, each unit = one common share + one warrant (exercise price US$0.51).
- Warrants exercisable 180 days after authorized shares increase; advance of US$851,250 received.
- Proceeds for working capital, debt service, and capex at San José de Gracia Project.
- CEO cites reduced financial position due to debt repayments and operational challenges.