What is the gross proceeds amount from Hard Dollar Units?

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Gross Proceeds from Hard Dollar Units Amount to $88,500

First Phosphate Corp. has successfully closed its non-brokered private placement financing, raising a total of $2,695,459 in gross proceeds. A portion of these proceeds, specifically $88,500, was generated from the issuance of Hard Dollar Units.
Issuance of Hard Dollar Units

As part of the overall financing, the Company issued 252,857 Hard Dollar Units. These units contributed $88,500 to the total gross proceeds raised.
Flow-Through Shares Component

The financing also involved the issuance of 7,448,455 Flow-Through Shares, which accounted for the majority of the funds raised, generating gross proceeds of $2,606,960.
Overall Financing Success

The private placement financing, originally announced with a minimum target of $1 million, ultimately exceeded expectations by raising a total of $2,695,459. This funding was secured exclusively from a select group of existing and new investors, as noted by Company CEO John Passalaqua.

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What is the gross proceeds amount from Hard Dollar Units?

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