Intrepid to Raise C$6.5 Million via Non-Brokered Private Placement
Intrepid announced a C$6.5 million non-brokered private placement to issue units and raise growth capital. Proceeds will bolster its exploration pipeline and strengthen the balance sheet ahead of upcoming project milestones.
1. Private Placement Details
Intrepid has launched a non-brokered private placement totalling C$6.5 million through the issuance of subscription units. Each unit comprises one common share and may include a half-warrant exercisable to acquire an additional share, providing investors with potential upside.
2. Use of Proceeds
Raised funds are earmarked to advance exploration activities and operational workstreams across the company’s asset portfolio. The capital infusion will also support general corporate purposes and provide additional financial flexibility ahead of key development milestones.