- Hanstone Gold (HANS) has closed the second and final tranche of its non-brokered private placement
- In the second tranche, the company raised gross proceeds of $438,210
- Net proceeds will be used for its ongoing exploration drilling program, working capital requirements and other general corporate purposes
- Proceeds from the flow-through units will be allocated to the company’s Doc and Snip North projects
- Hanstone Gold is a precious and base metals explorer focused on the Doc and Snip North Projects located in the Golden Triangle of BC
- Hanstone Gold Corp. (HANS) opened trading at C$0.40 per share
Hanstone Gold (HANS) has closed the second and final tranche of its non-brokered private placement.
In the second tranche, the company raised gross proceeds of $438,210, issuing 972,500 units at a price of $0.40 per unit and 111,841 flow-through units at a price of $0.44 per FT unit.
Each unit consists of one common share and one share purchase warrant. Each FT unit consists of one common share which qualifies as a “flow-through share” and one warrant. Each warrant is exercisable to acquire one share at a price of $0.47 for a period of 24 months.
Hanstone paid finder’s fees of $16,032 and issued 39,800 non-transferable compensation options.
The securities issued under the closing of the second tranche of the offering are subject to a hold period expiring January 1, 2022.
Net proceeds will be used for its ongoing exploration drilling program, working capital requirements and other general corporate purposes. The gross proceeds from the sale of the FT Units will be used to incur eligible “Canadian exploration expenses” related to the company’s Doc and Snip North projects.
Hanstone is a precious and base metals explorer with its current focus on the Doc and Snip North Projects optimally located in British Columbia.
Hanstone Gold Corp. (HANS) opened trading at C$0.40 per share.
