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General Copper Gold (CSE:GGLD) closes first tranche of non-brokered private placement

Mining, The Market Online Deal Room
CSE:GGLD
28 April 2022 10:00 (EDT)

Source: General Copper Gold Corp.

General Copper Gold (GGLD) has closed the first tranche of a non-brokered private placement raising gross proceeds of $748,000.

Under the first tranche, the company issued 3,740,000 units at a price of $0.20 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant is exercisable at a price of $0.40 for a period of 12 months from the date of issue.

Proceeds from the financing will fund the exploration of the company’s Topley Richfield property and general working capital.

General Copper Gold Corp. is a Canada-based mineral exploration company engaged in the business of exploring for and evaluating mineral properties.

General Copper Gold Corp. (GGLD) opened trading at C$0.265 per share.

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