- Edgemont Gold has closed the previously announced non-brokered private placement of 2,100,000 flow-through units
- Gross proceeds totalled $703,500
- Proceeds will be used to fund the drill program at Edgemont’s Dungate copper-gold porphyry project
- Edgemont Gold is a new gold exploration company focused on the Dungate Creek copper-gold porphyry project
- Edgemont Gold Corp. (EDGM) is down 2.63 per cent, trading at C$0.185 per share at 1:50 pm ET
Edgemont Gold (EDGM) has closed the previously announced non-brokered private placement of 2,100,000 flow-through units for gross proceeds of $703,500.
All securities issued are subject to a hold period expiring on October 24, 2021.
Each unit is comprised of one common share and one-half purchase warrant. Each full warrant entitles the holder to purchase an additional common share at a price of $0.35 for a period of one year from the date of closing.
Edgemont issued 160,000 finder warrants with respect to a portion of this placement, with no cash finder’s fees having been paid. The finder warrants have the same terms and conditions as the subscriber warrants issued under the offering.
The proceeds of this private placement will be used to fund the drill program scheduled to start in July at Edgemont’s Dungate copper-gold porphyry project near Houston. B.C.
Edgemont Gold is a new gold exploration company actively exploring the Dungate copper/gold porphyry project located just 6 km south of Houston, BC, in a region with a history of successful mining projects including the Equity Silver Mine, Imperial Metals’ Huckleberry Mine, and the more recent gold-silver discovery at Sun Summit Minerals’ Buck Project which sits just 7 km to the south.
Edgemont Gold Corp. (EDGM) is down 2.63 per cent, trading at C$0.185 per share at 1:50 pm ET.