- Gold Bull Resources (GBRC) has closed its non-brokered private placement, raising gross proceeds of C$6,140,500
- The company issued a total of 30,702,500 units at a price of $0.20 per unit
- Proceeds will be used for continued exploration and general working capital
- Gold Bull Resources is a gold focused mineral exploration company
- Gold Bull Resources Corp. (GBRC) opened trading at C$0.20 per share
Gold Bull Resources (GBRC) has closed its previously announced non-brokered private placement, raising gross proceeds of C$6,140,500.
The company issued a total of 30,702,500 units at a price of $0.20 per unit. Each unit consists of one common share and one-half common share purchase warrant. Each whole warrant can be exercised to acquire an additional common share at $0.30 for a period of two years from the date of closing of the offering.
Units issued under the private placement will have a hold period of four months and one day.
Finder’s fees totalling $140,760 in cash and 688,800 in compensation options were issued.
Proceeds will be used for continued exploration and general working capital.
Gold Bull Resources is a gold-focused mineral exploration company. The company’s core asset is the Sandman Project, located in Nevada.
Gold Bull Resources Corp. (GBRC) opened trading at C$0.20 per share.