- P2 Gold (PGLD) has closed its non-brokered private placement for gross proceeds of $1,329,400
- The company issued 2,658,800 units at a price of $0.50 per unit
- Each unit consists of one common share and one share purchase warrant
- The proceeds of the offering will be used to fund exploration and engineering expenditures
- P2 is a mineral exploration and development company
- P2 Gold Inc. (PGLD) opened trading at C$0.56
P2 Gold (PGLD) has closed its previously announced non-brokered private placement for gross proceeds of $1,329,400.
The company issued 2,658,800 units at a price of $0.50 per unit.
Each unit consists of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of $0.95 for a period of two years.
Warrants are subject to an acceleration clause.
The proceeds of the offering will be used to fund exploration and engineering expenditures and for general corporate purposes.
P2 Gold paid finder’s fees totalling $3,000 in cash and issued 6,000 warrants.
All securities issued are subject to a four-month hold period expiring on September 28, 2022.
P2 is a mineral exploration and development company focused on advancing precious metals and copper discoveries and acquisitions in the western United States and British Columbia.
P2 Gold Inc. (PGLD) opened trading at C$0.56.
