The Canadian firm offers 3M units in a non-brokered deal to raise gross proceeds of approximately $750K.
Smooth Rock Ventures announced a private placement of 3M units priced at $0.25 each, targeting gross proceeds of $750K. The offering is non-brokered and includes one common share and one warrant per unit.
Each warrant entitles the holder to purchase additional shares, though terms were not disclosed. The company aims to use the funds for general corporate purposes and exploration activities.
Shares of SMRV:CA trade on the Canadian Securities Exchange, though no immediate market reaction was reported following the announcement.