- Adyton Resources (ADY) has announced a non-brokered private placement for gross proceeds of up to C$400,000
- The company will issue up to 20,000,000 common shares at $0.02 per share
- The offering is expected to close by the end of December
- Adyton Resources Corporation is focused on the development of gold and copper resources
- Adyton Resources Corporation (ADY) opened trading at C$0.02
Adyton Resources (ADY) has announced a non-brokered private placement for gross proceeds of up to C$400,000.
The company will issue up to 20,000,000 common shares at $0.02 per share.
Net proceeds will be used for working capital and general corporate purposes.
All securities issued will be subject to a statutory four-month restricted resale period.
The offering is expected to close by the end of December, subject to TSXV approval.
Adyton Resources Corporation is focused on the development of gold and copper resources. It currently has a portfolio of highly prospective advanced mineral exploration projects in Papua New Guinea. The company’s mineral exploration projects are located on the Pacific Ring of Fire which hosts several copper and gold deposits. Adyton’s current gold resource inventory is more than 2M Oz.
Adyton Resources Corporation (ADY) opened trading at C$0.02.