Missoula, MT (PRWEB) June 18, 2014
Metals US, Inc. has announced the opening of a $2 million private placement of its equity securities brokered by Pennaluna & Company, listed on the PennStarter equity funding platform http://www.pennstarter.com. Metals US will offer 4 million units, with each unit comprised of one share at $0.50 of common stock and one purchase warrant entitling the holder to one common share exercisable at $1.00 for a period of two years from the date of investment.
Proceeds from the financing will be used to commercialize applications of Solid Phase Extraction (SPE) technology, for offering expenses and fees and for overhead. Metals US is in the business of selling products and providing services related to the commercialization of Solid Phase Extraction (“SPE”) technology, which is applicable to hydrometallurgical processing (separating metals with water). Leading projects are in the gold, rare earth elements and recycling spaces.
Solid Phase Extraction has been widely recognized as a leading technology that has the potential to revolutionize the mining and water processing industries, according to John Hammen, President and CEO of Metals US.
“We expect Solid Phase Extraction to transform the landscape of the metal processing space by bringing low cost, high purity, zero discharge and green processing methods to an industry very much in need of new technology options,” Hammen said. “We are excited to offer Metals US investors the opportunity associated with introducing epochal technology changes to one of the global economy’s largest industries.”
Forward Looking Statements
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that are intended to be covered by the safe harbor created by such sections. Such statements are based on good faith assumptions that Metals US, Inc. believes are reasonable but which are subject to a wide range of uncertainties and business risks that could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements.
For more information on Metals US, visit http://www.MetalsUS.com. Learn more about the Metals US offering by contacting Pennaluna & Company(Pennaluna.com, 1-800-535-5329) or visit http://www.pennstarter.com. Pennaluna & Company is a registered broker-dealer, member FINRA/SIPC.
John Hammen, President and CEO, Metals US, 406-370-3869, john.hammen(at)metalsus(dot)com