- Pasofino Gold Limited (VEIN) has announced a non-brokered private placement for gross proceeds of up to C$6,428,000
- The company will issue up to 12,856,000 units at C$0.50 per unit
- The company may increase the offering for additional gross proceeds of $1,285,600
- Pasofino Gold is a Canadian-based gold exploration company
- Shares in Pasofino Gold (VEIN) opened trading at C$0.62
Pasofino Gold Limited (VEIN) has announced a non-brokered private placement for gross proceeds of up to C$6,428,000.
The company will issue up to 12,856,000 units at C$0.50 per unit. Each unit will consist of one common share and one half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share for a period of 18 months.
The company may increase the offering by up to an additional 2,571,200 units for additional gross proceeds of $1,285,600.
The offering is expected to close in mid to late September 2022.
The securities issued will be subject to a statutory four-month hold period.
Pasofino Gold is a Canadian-based gold exploration company engaged in the acquisition, exploration, and development of mineral properties.
Its Dugbe Project is located in southern Liberia within the southwest most part of the Birimian Supergroup, which is host to the majority of West African gold deposits.
Shares in Pasofino Gold (VEIN) opened trading at C$0.62.
