logo-loader
Primary Energy Metals Inc.

Primary Energy Metals bolsters board with cannabis and finance appointee

The company said cannabis and finance executive Joel Shacker has been appointed to the board of directors and also announced a non-brokered private placement aimed at raising up to $1 million

cobalt
Primary Energy Metals is focused on vanadium, cobalt, copper and nickel mineral resource properties

Primary Energy Metals Inc (CSE:PRIM) (OTCMKTS:PEMTF) announced Wednesday that it has appointed cannabis and finance executive Joel Shacker to its board of directors, as well as announcing a non-brokered private placement with plans to raise up to C$1 million. 

The Vancouver-based junior explorer said it will offer up to 13.33 million units at a price of C$0.075 per unit, for gross proceeds of up to C$1 million. Each unit will consist of one common common share, and one-half-of-one common share purchase warrant, which can be exercised at a price C$0.15 over a two-year period. 

The company also announced a shift in its board of directors, welcoming new appointee Joel Shacker, who has worked extensively in the cannabis and finance space. 

READ: Primary Energy Metals reverse share split to roll out Tuesday

Shacker has a long list of experience and has sat on the board of directors for the cannabis lifestyle company, Weekend Unlimited Inc. Shacker has experience in expansion into international cannabis markets and has overseen and developed operations from the ground up. He entered the cannabis space by founding a cannabis extraction company which specialized in licensing proprietary formulas to producers, according to a company release. 

Primary Energy Metals also announced that Chaimae El Amri has stepped down from the board of directors to pursue other ventures and thanked her for her contributions to the company. 

Primary Energy Metals is focused on vanadium, cobalt, copper and nickel-focused mineral resource properties.

Shares of Primary Energy Metals were at C$0.10 on Wednesday. 

Contact Katie Lewis at [email protected]

Quick facts: Primary Energy Metals Inc.

Price: $0.40

Market: CSE
Market Cap: $3.26 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Primary Energy Metals Inc. named herein, including the promotion by the Company of Primary Energy Metals Inc. in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Primary Energy Metals see big upside with projects in Utah, Spain and...

Primary Energy Metals (CSE:PRIM) CEO Patrick Morris joined Steve Darling from Proactive Investors in Vancouver to update Primary's projects around the world including Spain. Morris also provided details of their recent acquisition of 39 mineral claims in various locations in the Province...

on 1/11/18

2 min read