- Getchell Gold (GTCH) has closed a non-brokered private placement for for gross proceeds of $1,752,800
- The company issued 4,382,000 units priced at $0.40 per unit
- Proceeds will be primarily used to fund drill programs at the Fondaway Canyon Gold and the Star Copper-Gold-Silver projects
- Getchell Gold is a gold and copper exploration company focused on projects in Nevada
- Getchell Gold (GTCH) opened trading at C$0.395
Getchell Gold (GTCH) has closed a non-brokered private placement for for gross proceeds of $1,752,800.
The company issued 4,382,000 units priced at $0.40 per unit. Each unit consists of one common share and one-half of one warrant. Each whole warrant entitles the holder to acquire one additional common share at a price of $0.60 for a period of two years.
Proceeds will be used for exploration and development of the company’s properties and general working capital.
The company will direct the majority of the proceeds towards funding drill programs at the Fondaway Canyon Gold and the Star Copper-Gold-Silver projects.
The company paid finder’s fees totalling $91,200 in cash and 228,000 non-transferable finder’s warrants.
The securities issued are subject to a statutory four month hold period expiring on October 1, 2022, in accordance with applicable securities laws.
Getchell Gold is a gold and copper exploration company focused on projects in Nevada.
Getchell Gold (GTCH) opened trading at C$0.395.