- Cabral Gold (CBR) has announced a private placement for total proceeds of up to $3,000,000
- The company will issue up to 10,000,000 units priced at $0.30 per unit
- Net proceeds from the offering will be used to fund exploration and development activities, and for general working capital purposes
- Cabral Gold is a junior resource company focused on gold properties in Brazil
- Cabral Gold Inc. (CBR) opened trading at C$0.30
Cabral Gold (CBR) has announced a private placement for total proceeds of up to $3,000,000.
The company will issue up to 10,000,000 units priced at $0.30 per unit. Each unit will include one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional share for a period of 24 months after the closing of the offering.
Net proceeds from the offering will be used to fund exploration and development activities, and for general working capital purposes.
Cabral Gold is a resource company engaged in the exploration and development of mineral properties, with a primary focus on gold properties located in Brazil. The company has a 100 per cent interest in the Cuiú Cuiú gold district located in northern Brazil.
Cabral Gold Inc. (CBR) opened trading at C$0.30.
