StrategX Elements closes private placement, raising $911,110.95

StrategX Elements Corp. (CSE: STGX) has completed the third and final tranche of its non-brokered private placement, according to a press release from the Vancouver-based company.

Under the final tranche, the company issued 2,528,364 units at $0.15 per unit, generating gross proceeds of $379,254.60. No finder's fees were paid in connection with the closing. Securities issued are subject to a hold period expiring March 1, 2027, under applicable securities laws and Canadian Securities Exchange policies.

Darren Bahrey, CEO and director, participated through a private company he owns, purchasing 354,631 units for $53,194.65. The transaction is classified as a related party transaction under Multilateral Instrument 61-101 but is exempt from formal valuation and minority shareholder approval requirements.

Across all three tranches, the company sold 6,074,073 units and raised a total of $911,110.95. The company stated proceeds will support exploration activities at its Critical Minerals projects on the Melville Peninsula in Nunavut, Canada.

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