Krait closes final tranche of private placement
The Canadian critical-minerals company sold 285,000 shares, bringing total gross financing to C$1.726 million.
Event / data period: 2026-10-09
Published: · Updated:
Krait Critical Minerals said on October 12 that the third and final tranche of its private placement had closed. The final tranche closed October 9: 285,000 shares at C$0.75 each generated C$213,750 in gross proceeds.
Across all three tranches, the placement issued 2,301,099 shares for C$1,725,824.25 gross. The company said proceeds would support exploration at its Goldbar and Spider Lake projects in Ontario, evaluation of Nevada Hills and Washington antimony assets, and working capital; this was a financing update, not a production announcement.
Data
Gross proceeds from final tranche
Gross proceeds from the 285,000-share third tranche closed on October 9.
- Final-tranche gross proceeds
- 213,750 CAD
- 2026-10-09 · Observed
Methodology
Shares multiplied by the per-share price stated by the company; fees and expenses are not deducted.
Updated:
Gross proceeds from final tranche
Gross proceeds from the 285,000-share third tranche closed on October 9.
- · Occurred
Final private-placement tranche closed
The third and final tranche closed on October 9; the release was published October 12.
Methodology
Shares multiplied by the per-share price stated by the company; fees and expenses are not deducted.
Updated:
Subjects and places
Subject proposals
- Business enterpriseSuggested
- Preserved editorial category/topic; broad candidate onlywww.newsfilecorp.com ↗
- Metal and mineral mining and refiningSuggested
- Subject suggested from the title or summary: mineralswww.newsfilecorp.com ↗
Geographic references
Only source-provided geographic references are shown. Opening an external map is optional. Optional story maps use OpenStreetMap. Opening a map sends your IP address and this site’s address to the map provider; location data remains readable as text without loading the map.
- Canada · Place role: Coverage · Place type: Country or area · Location precision: RegionalEvidence
- Explicit preserved editorial country/region; no city or national centroid inferredwww.newsfilecorp.com ↗