Proactive Investors - Run By Investors For Investors

Primary Energy Metals bolsters board with cannabis and finance appointee

The company said cannabis and finance executive Joel Shacker has been appointed to the board of directors and also announced a non-brokered private placement aimed at raising up to $1 million
cobalt
Primary Energy Metals is focused on vanadium, cobalt, copper and nickel mineral resource properties

Primary Energy Metals Inc (CSE:PRIM) (OTCMKTS:PEMTF) announced Wednesday that it has appointed cannabis and finance executive Joel Shacker to its board of directors, as well as announcing a non-brokered private placement with plans to raise up to C$1 million. 

The Vancouver-based junior explorer said it will offer up to 13.33 million units at a price of C$0.075 per unit, for gross proceeds of up to C$1 million. Each unit will consist of one common common share, and one-half-of-one common share purchase warrant, which can be exercised at a price C$0.15 over a two-year period. 

The company also announced a shift in its board of directors, welcoming new appointee Joel Shacker, who has worked extensively in the cannabis and finance space. 

READ: Primary Energy Metals reverse share split to roll out Tuesday

Shacker has a long list of experience and has sat on the board of directors for the cannabis lifestyle company, Weekend Unlimited Inc. Shacker has experience in expansion into international cannabis markets and has overseen and developed operations from the ground up. He entered the cannabis space by founding a cannabis extraction company which specialized in licensing proprietary formulas to producers, according to a company release. 

Primary Energy Metals also announced that Chaimae El Amri has stepped down from the board of directors to pursue other ventures and thanked her for her contributions to the company. 

Primary Energy Metals is focused on vanadium, cobalt, copper and nickel-focused mineral resource properties.

Shares of Primary Energy Metals were at C$0.10 on Wednesday. 

Contact Katie Lewis at [email protected]

Join Proactive’s Crypto, Blockchain and Cannabis Telegram group here
View full PRIM profile View Profile

Primary Energy Metals Inc. Timeline

Related Articles

Electric vehicle being charged
Tue
The company aims to expose investors to price increases in nickel, lithium and cobalt
1556717993_Vanadium-electrolyte-batteries.jpg
May 24 2019
Bushveld is hoping to increase vanadium production significantly following completion of South African deal
copper
May 31 2019
Chief executive Michael McNeilly said 2018 was a “transformational year” for the group w
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use