- Angold Resources (AAU) has closed its previously-announced marketed public offering for gross proceeds of $2.74 million
- The company issued 19.6 million units priced at $0.14 per unit
- Net proceeds will be used for working capital and general corporate purposes
- Angold is a gold exploration and development company
- Angold Resources Ltd. (AAU) opened trading at C$0.125 per share
Angold Resources (AAU) has closed its marketed public offering for gross proceeds of $2.74 million.
The company issued 19.6 million units priced at $0.14 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional share at an exercise price of $0.20 at any time until April 5, 2025.
The net proceeds will be used for phase 1 drilling at the Iron Butte property and for working capital and general corporate purposes.
Angold is a gold exploration and development company targeting large-scale mineral systems in Maricunga, Nevada and Ontario. Angold owns a 100 per cent interest in the Dorado, Cordillera and South Bay-Uchi projects.
Angold Resources Ltd. (AAU) opened trading at C$0.125 per share.