- P2 Gold (PGLD) has closed its non-brokered private placement for gross proceeds of approximately $5.68 million
- The company issued 3,959,933 flow-through-units, 1,458,616 premium flow-through units and 2,421,188 non-flow-through units
- Proceeds from the offerings will be used to fund exploration expenditures on the BAM Property
- P2 is a mineral exploration and development company
- P2 Gold Inc. (PGLD) opened trading at C$0.60 per share
P2 Gold (PGLD) has closed its non-brokered private placement for gross proceeds of approximately $5.68 million.
The company issued 3,959,933 flow-through-units, 1,458,616 premium flow-through units and 2,421,188 non-flow-through units.
Each FT unit consists of one flow-through common share and one non-flow-through common share purchase warrant. Each FT warrant entitles the holder to purchase one additional non-flow-through common share for $0.90 per common share.
Each PFT unit consists of one flow-through common share and one non-flow-through common share purchase warrant. Each PFT warrant entitles the holder to purchase one additional non-flow-through common share for $0.90 per common share.
The gross proceeds of the FT and PFT offerings will be used to fund exploration expenditures on the BAM Property and other Canadian Exploration Expenses that will qualify as “flow through mining expenditures”.
Each NFT unit consists of one non-flow-through common share and one non-flow-through common share purchase warrant. Each NFT warrant entitles the holder to purchase one additional common share for $0.90 per common share.
The proceeds of the NFT offering will be used to fund exploration expenditures and for general corporate purposes.
All warrants are subject to an acceleration clause.
P2 Gold paid finder’s fees totalling $309,761 and issued an aggregate of 423,059 warrants.
All securities issued will be subject to a four-month hold period.
P2 is a mineral exploration and development company focused on advancing precious metals discoveries and acquisitions in the western United States and British Columbia.
P2 Gold Inc. (PGLD) opened trading at C$0.60 per share.
