- Gold Basin Resources (GXX) has closed the first tranche of its non-brokered private placement for gross proceeds of $2,201,510
- Under the first tranche, the company issued 14,676,735 common shares at a price of $0.15 per share
- Proceeds from the oversubscribed offering will be used to fund ongoing exploration at Gold Basin’s mineral projects and for general working capital
- Gold Basin Resources is focused on the acquisition and exploration of mineral properties in North America
- Gold Basin Resources Corporation (GXX) opened trading at C$0.18
Gold Basin Resources (GXX) has closed the first tranche of its non-brokered private placement for gross proceeds of $2,201,510.
Under the first tranche, the company issued 14,676,735 common shares at a price of $0.15 per share.
The financing is oversubscribed, with a total amount of $2,552,510.55 committed to date, and the company anticipates closing the offering later this month.
The proceeds will be used to fund ongoing exploration at Gold Basin’s mineral projects and for general working capital.
The company paid finder’s fees to McFaddens Securities Pty Ltd, PI Financial Corp., Haywood Securities Inc., Canaccord Genuity Corp. and Leede Jones Gable Inc.
The shares issued under the offering will be subject to a statutory four-month hold period.
Gold Basin Resources is focused on the acquisition and exploration of mineral properties in North America, including the Gold Basin Property in Arizona.
Gold Basin Resources Corporation (GXX) opened trading at C$0.18.