- Gold79 Mines (AUU) has closed its non-brokered private placement financing
- The company raised gross proceeds of $947,324 through the issuance of 27,066,401 units at $0.035 per unit
- A total of 27,066,401 warrants were issued, with each warrant entitling the holder to purchase one common share of the company at a price of $0.05 per share until November 18, 2025
- Gold79 Mines Ltd. is a company focused on building ounces in the Southwest USA
- Gold79 Mines Ltd. opened trading at $0.025 per share
Gold79 Mines (AUU) has closed its non-brokered private placement financing for gross proceeds of $947,324.
The company issued 27,066,401 units at $0.035 per unit. Each unit consists of one common share of the company and one whole common share purchase warrant.
A total of 27,066,401 warrants were issued, with each warrant entitling the holder to purchase one common share of the company at a price of $0.05 per share until November 18, 2025.
“We are pleased to complete this financing and are thankful for the ongoing support of our existing shareholders and a number of new shareholders, including Kinross Gold Corp., who subscribed for $275,000,” said Derek Macpherson, President, CEO & Director.
“Additionally, Gold79 management and directors have demonstrated their continuing commitment to the Company by subscribing for a component of the financing,” he added.
This private placement is subject to the final approval of the TSX Venture Exchange.
Officers and directors of the company including Derek Macpherson, Gary Thompson, Paul Carrelo and John McNeice participated in the private placement and acquired 6,867,858 units for $240,375.
Approximately 50 per cent of the aggregate proceeds raised in the placement will be used for exploration and drilling expenditures related to the Gold Chain, Arizona project and other purposes.
Gold79 Mines Ltd. is a company focused on building ounces in the Southwest USA.
Gold79 Mines Ltd. opened trading at $0.025 per share.