- Angold Resources (AAU) announced a non-brokered private placement for gross proceeds of up to $250,000
- The company will issue up to 10,000,000 common shares for $0.025 per share
- Funds raised will be used for general and administrative expenses, exploration and property maintenance
- Angold Resources is a gold exploration and development company with a portfolio of four projects in Chile, Nevada and Canada
- Angold Resources Ltd. (AAU) opened trading at C$0.025
Angold Resources (AAU) announced a non-brokered private placement for gross proceeds of up to $250,000.
Under the offering, the company will issue up to 10,000,000 common shares priced at $0.025 per share.
All securities issued will be subject to a statutory four-month hold period.
The proceeds from the offering will be used for financing existing operations and future geological work on the company’s projects. One-half of the funds raised are expected to be used for general and administrative expenses, with the balance to be used for exploration and property maintenance.
Angold is an exploration and development company targeting large-scale mineral systems in proven gold districts in Chile, Nevada, Oregon and Ontario.
Angold Resources Ltd. (AAU) opened trading at C$0.025.