VANCOUVER, BC / ACCESSWIRE / March 10, 2022 / BTU METALS CORP. ("BTU" or the "Company") (TSXV:BTU, Financial) announces a non-brokered private placement financing (the "Private Placement") to raise aggregate gross proceeds of $495,000 by way of issuing 5.5 million flow-through units (the "FT Units") at a price of $0.09 per FT Unit (the "FT Offering"). Proceeds raised from the Offering will be used for ongoing work programs at the Dixie Halo Project located in Red Lake, Ontario, contiguous to Kinross Gold Corp.'s Dixie project (recently acquired by purchase of Great Bear Resources Ltd.), as the Company continues to drill at its high-grade gold targets at Dixie Creek and its VMS targets at TNT. Finders' fees will be payable on the private placement, subject to the policies of the TSX Venture Exchange.
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