- Ascendant Resources (ASND) has closed the final tranche of its previously announced non-brokered private placement for aggregate gross proceeds of $3,512,000
- The company issued a total of 17,560,000 common shares priced at $0.20 per share
- The second tranche generated gross proceeds of $628,621.40
- Net proceeds from the offering will be used to advance the Lagoa Salgada project
- Ascendant is a Canada-based mining company
- Ascendant Resources Inc. (ASND) opened trading at C$0.225
Ascendant Resources (ASND) has closed the final tranche of its non-brokered private placement for gross proceeds of $3,512,000.
The company issued a total of 17,560,000 common shares priced at $0.20 per share.
In the second tranche, the company issued 3,143,107 common shares for gross proceeds of $628,621.40.
Net proceeds from the offering will be used to advance the Lagoa Salgada project and general corporate purposes.
The company paid finder’s fees totalling C$28,000.
Securities issued are subject to a four-month hold period.
Ascendant is a Canada-based mining company focused on exploring and developing the Lagoa Salgada VMS project in Portugal.
Ascendant Resources Inc. (ASND) opened trading at C$0.225.