- C2C Gold Corp. (CTOC) has announced a non-brokered private placement for gross proceeds of between $500,000 and $1,000,000
- The company will issue up to 20,000,000 units priced at $0.05 per unit
- Net proceeds will be used to advance exploration at its Newfoundland projects and for general working capital purposes
- C2C Gold Corp. is a mineral exploration company focused on advancing gold projects in Canada’s Newfoundland
- C2C Gold Corp opened trading at $0.06
C2C Gold Corp. (CTOC) has announced a non-brokered private placement for gross proceeds of between $500,000 and $1,000,000.
The company will issue up to 20,000,000 units priced at $0.05 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to acquire an additional share at a price of $0.10 for a period of 24 months following the closing of the offering.
Investors residing in Canada (except Quebec) are not required to be accredited investors to participate in the offering.
The units sold under the offering are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada.
Net proceeds will be used to advance exploration at the company’s Newfoundland projects and for general working capital purposes.
The closing of the offering may occur in one or more tranches, with the final tranche expected to occur on or before February 11, 2023.
C2C Gold Corp. is a mineral exploration company focused on advancing gold projects in Canada’s Newfoundland.
C2C Gold Corp opened trading at $0.06.