- G2 Goldfields (GTWO) has upsized its private placement for gross proceeds of up to $3,060,000
- The company will now issue up to 6,800,000 units at a price of $0.45 per unit
- The company will use the proceeds to advance exploration activities at its OKO Project in Guyana
- The final tranche of the offering is expected to occur on or about January 28, 2022
- G2 Goldfields is focused on discovering gold deposits in the Guiana Shield
- G2 Goldfields Inc. (GTWO) opened trading at C$0.44 per share
G2 Goldfields (GTWO) has upsized its previously announced private placement for gross proceeds of up to $3,060,000.
The company will now issue up to 6,800,000 units at a price of $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.
The company will use the proceeds to advance exploration activities at its OKO Project in Guyana as well as for general corporate purposes.
As announced on January 6, 2022, the company has already closed the first tranche of the offering, having sold 2,250,000 units to G2’s Executive Chairman, Patrick Sheridan.
Up to an additional 4,550,000 units may be sold with the closing of the final tranche expected to occur on or about January 28, 2022.
G2 Goldfields is focused on discovering gold deposits in the Guiana Shield.
G2 Goldfields Inc. (GTWO) opened trading at C$0.44 per share.