Lucky Minerals Inc. (TSXV:LKY)(OTC PINK:LKMNF)(FRA: LKY) (“Lucky” or the “Company“) is pleased to announce that it has increased the previously announced (May 27, 2022 News Release) non-brokered private placement from 33,000,000 to up to 35,714,286 units (the “Units“) for gross proceeds of up to $2.0 million (the “Offering“). Investors in the Offering now include Mr. Victor Cantore, President and CEO of Amex Exploration in addition to previously announced Mr. Michael Gentile, CFA.
The Offering will now consist of approximately 35,714,286 Units of the Company at CDN $0.056 per Unit, for gross proceeds of approximately $2.0 million. Each Unit is comprised of one common share (a “Share“) and one full three-year common share purchase warrant (a “Warrant“). Each Warrant entitles the holder thereof to acquire one additional Share at a price of CDN $0.10 per Share, until the date that is 36 months from the closing (the “Closing“) of the Offering. All the Shares and Warrants issued in connection to the Offering are subject to a statutory hold period expiring four months and one day from the date of issuance.