American Tungsten Corp. (OTC: DEMRF) Stock Jumps Following Upsize of Non-Brokered LIFE Offering of Shares

News about the efforts to raise more capital almost always gets a lot of traction among investors, and this morning it is likely that the American Tungsten Corp. (OTC: DEMRF) stock is going to get on to the radars of investors. Last week the company was in the news after it made a key new announcement with regard to its non-brokered private placement.

Upsized Placement

In the news release on February 22, American Tungsten Corp. announced that owing to the considerable public demand, it had decided to raise the size of its non-brokered private placement. The previous announcement placement, under the Listed Issuer Financing Exemption, had been raised to a maximum of $2,500,000 from $2,000,000. The company revealed that in the upsized offering it would offer a maximum of 1562500 common shares for the price of $1.60 each to generate gross proceeds to the tune of $2500000.

Further Information

Provided all the rules and regulatory clauses are satisfied, the offering would be made available to the residents of all Canadian provinces. Additionally, the securities that would be issued under the placement would not be subjected to any hold period either. It remains to be seen if the American Tungsten Corp. stock gets any action today or not.