Announcement from THE Event Issuer First Phosphate (CSE: PHOS) (OTC Pink: FRSPF) (FSE: KD0)
First Phosphate will be raising $2 million in a private placement consisting of 3 offerings
$0.40 per Hard Dollar Unit (includes half warrant at $0.50 expiring Dec 31, 2025; accelerator at $0.80)
$0.50 per Flow-Through Share (no warrant)
$0.63 per Charity Flow-Through Share (Backend works out to $0.35 ; no warrant)
Finders 8/8: 8% cash on hard dollar units (1) and 8% in stock on flow through (2) and charity flow through (3) offerings. All offerings receive 8% broker warrants which are identical to the hard dollar warrant described above. Company is open to discussing how finders’ fees can be split between cash and stock based on amount of total subscribership contribution.
Attached are the hard dollar (1) and flow through (2) sub agreements. The hard dollar sub agreement is valid for Canadian and US investors. If you have international hard dollar investors, let us know and we will send over the international hard dollar sub. If you have those interested in charity flow through, let us know and we will send over those documents as well.
We are flexible in how subscription to the offerings is sliced up but we would kindly ask that you try your best to do 1/3 of each of the offerings globally to keep it fair to everyone
We will be closing in two tranches. First closing will be on December 21st for those going away for Christmas. Second closing will be on December 28th for those sticking around
This dissemination is not for distribution in the United States. If received in error, please notify us.
Friday, December 15th at 1:00 pm EST
Friday, December 15th at 4:15 EST
Monday, December 18th at 12:00 noon EST
Monday, December 18th at 4:15 EST
Tuesday, December 19th at 4:15 EST
Wednesday, December 19th at 4:15 EST
About First Phosphate Corp.
First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (“LFP”) battery industry. First Phosphate is committed to producing at high purity level, in responsible manner and with low anticipated carbon footprint. First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source. First Phosphate holds over 1,500 sq. km of royalty-free district-scale land claims in the Saguenay–Lac-St-Jean Region of Quebec, Canada that it is actively developing. First Phosphate properties consist of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of high concentrations of harmful elements.
For additional information, please contact:
Jérôme Cliche, VP, Business Development
jerome@firstphosphate.com
Tel: +1 (514) 815-8799
Investor Relations: investor@firstphosphate.com
Media Relations: media@firstphosphate.com
Website: www.FirstPhosphate.com
Follow First Phosphate:
Twitter: https://twitter.com/FirstPhosphate
LinkedIn: https://www.linkedin.com/company/first-phosphate
