December 15, 2017 / 1:28 PM / in 6 months

BRIEF-Power Metals Announces $3 Million Bought Private Placement

* POWER METALS ANNOUNCES $3 MILLION BOUGHT PRIVATE PLACEMENT

* EIGHT CAPITAL HAS AGREED TO PURCHASE 6 MILLION UNITS OF COMPANY ON A “BOUGHT DEAL” PRIVATE PLACEMENT BASIS AT A PRICE PER UNIT OF $0.50

* TO USE NET PROCEEDS OF OFFERING FOR EXPLORATION AND DRILLING AT CASE LAKE PROJECT

* AS CONSIDERATION FOR ITS SERVICES, EIGHT CAPITAL WILL RECEIVE A CASH COMMISSION EQUAL TO 6% OF GROSS PROCEEDS OF OFFERING Source text for Eikon: Further company coverage:

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