PriceSensitive

Brascan (CSE:BRAS) closes private placement financing

Mining, Socials, Sponsored, The Watchlist
24 February 2022 13:15 (EDT)

This browser does not support the video element.

Brascan Gold (BRAS) has completed its previously announced non-brokered private placement.

Balbir Johal, Director & CEO sat down with Shoran Devi to discuss the financing.

Proceeds will be used for exploration expenditures and working capital and to acquire and explore additional gold properties in Brazil and Newfoundland. 

The company is currently performing due diligence on a high-potential project in Brazil.

Brascan is a Vancouver-based gold exploration company. The company holds an option over the Vulcan Property, located in the Fort Steele Mining Division in southeastern BC.

Brascan Gold Inc. (BRAS) opened trading at C$0.52 per share.

Related News