- P2 Gold (PGLD) has announced plans to complete a non-brokered private placement of flow-through and non-flow-through units
- The flow-through offering will consist of up to 3.4 million units for gross proceeds of up to $2.04 million
- The non-flow through offering will consist of up to one million non-flow-through units for gross proceeds of up to $500,000
- P2 is a mineral exploration and development company
- P2 Gold Inc. (PGLD) is up 4 per cent on the day, trading at C$0.52 per share at 11:15 pm ET
P2 Gold (PGLD) has announced plans to complete a non-brokered private placement of flow-through and non-flow-through units.
The flow-through offering will consist of up to 3.4 million units priced at $0.60 per unit for gross proceeds of up to $2.04 million. Each flow-through unit will consist of one flow-through common share and one non-flow-through common share purchase warrant. Each flow-through warrant will entitle the holder to purchase one additional non-flow-through common share for a period of two years.
The gross proceeds of the flow-through offering will be used to fund exploration expenditures on the BAM Property.
The non-flow through offering will consist of up to one million non-flow-through units priced at $0.50 per unit for gross proceeds of up to $500,000.
Each non-flow-through unit will consist of one non-flow-through common share and one non-flow-through common share purchase warrant. Each warrant will entitle the holder to purchase one additional non-flow-through common share for a period of two years.
The proceeds of the non-flow-through offering will be used for general corporate purposes.
All warrants are subject to an acceleration clause.
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) is up 4 per cent on the day, trading at C$0.52 per share at 11:15 pm ET.
