- G2 Goldfields (GTWO) has announced a private placement of up to C$2,025,000
- The company will use the proceeds to advance exploration activities at its OKO Project in Guyana
- It expects the offering to close in January 2022
- G2 Goldfields is focused on discovering gold deposits in the Guiana Shield
- G2 Goldfields (GTWO) closed unchanged trading at $0.42 per share
G2 Goldfields (GTWO) has announced a private placement of up to C$2,025,000.
The non-brokered placement is comprised of up to 4,500,000 units priced at $0.45 per unit.
Each unit consists of one common share and one common share purchase warrant.
Each warrant entitles the holder to purchase one common share for $1.20 for two years following the closing of the offering.
Insiders may subscribe for up to 75 per cent of the offering. Patrick Sheridan, G2’s Executive Chairman, has confirmed his intention to subscribe for at least $1M.
The company will use the proceeds to advance exploration activities at its OKO Project in Guyana as well as for general corporate purposes.
It expects the offering to close in January 2022.
G2 Goldfields is focused on discovering gold deposits in the Guiana Shield.
G2 Goldfields (GTWO) closed unchanged trading at $0.42 per share.
