Source: Gander Gold Corporation
  • Gander Gold Corporation (GAND) has announced a non-brokered private placement for gross proceeds of $3,210,000
  • The company will issue up to 4,000,000 common shares, 3,500,000 flow-through shares and 2,750,000 charity flow-through shares
  • Net proceeds will be used to fund ongoing exploration activities at Gander Gold’s properties in Newfoundland
  • Gander Gold Corporation (GAND) is up 5.41 per cent on the day, trading at C$0.39 per share at 1 pm ET

Gander Gold Corporation (GAND) has announced a non-brokered private placement for gross proceeds of $3,210,000.

The company will issue up to 4,000,000 common shares, 3,500,000 flow-through shares and 2,750,000 charity flow-through shares.

Net proceeds will be used to fund ongoing exploration activities at Gander Gold’s properties in Newfoundland and for general working capital.

All securities issued are subject to a statutory four-month hold period.

Gander Gold is an exploration stage resource company focused on acquiring and exploring high-grade precious metal and base metal projects in the Central Newfoundland Gold Belt. 

Gander Gold Corporation (GAND) is up 5.41 per cent on the day, trading at C$0.39 per share at 1 pm ET.

 

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