First Phosphate launches $5M non-brokered private placement

First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF, FRA:KD0, OTC:FPHOY) has announced plans for a non-brokered private placement aimed at existing investors, targeting minimum gross proceeds of $5 million. The offering will consist of a combination of hard dollar units and flow-through shares, each priced at $2 per unit or share Under the hard dollar unit offering, each unit will include one common share and one warrant.