- Alma Gold (ALMA) announced a non-brokered private placement to raise gross proceeds of up to $1,000,000
- The company will issue up to 10,000,000 units for $0.10 per unit
- Net proceeds will be used for working capital, general corporate purposes and for advancing exploration interests
- Alma Gold is a gold exploration company based in Nova Scotia
- Alma Gold Inc. (ALMA) is down 7.7 per cent on the day, trading at C$0.12 per share at 3:30 pm ET
Alma Gold (ALMA) announced a non-brokered private placement to raise gross proceeds of up to $1,000,000.
The company will issue up to 10,000,000 units for $0.10 per unit. Each unit will consist of one common share and one transferable share purchase warrant. Each warrant entitles the holder to purchase one additional share for a period of 24 months.
Net proceeds will be used for working capital, general corporate purposes and for advancing exploration interests.
The Corporation may pay a cash finder’s fee of 7 per cent on certain subscriptions under the offering.
All securities issued will be subject to a statutory four-month hold period.
Alma Gold is a gold exploration company based in Nova Scotia. Through its subsidiary Karita Gold Corp., Alma is exploring the Karita West Project in northern Guinea and owns the Clarence Stream North Gold Project in southwest New Brunswick, Canada.
Alma Gold Inc. (ALMA) is down 7.7 per cent on the day, trading at C$0.12 per share at 3:30 pm ET.
