- Golden Independence Mining (IGLD) has announced a non-brokered private placement for gross proceeds of up to $2,000,000
- The company will issue up to 6,451,612 units at $0.31 per unit
- Net proceeds will be used to fund exploration work on its properties and for working capital
- Golden Independence is a development company focused on the advanced-stage Independence project in Nevada
- Golden Independence Mining Corp. (IGLD) opened trading at C$0.56
Golden Independence Mining (IGLD) has announced a non-brokered private placement for gross proceeds of up to $2,000,000.
The company will issue up to 6,451,612 units at $0.31 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant is exercisable for one additional common share at a price of $0.50 for a period of two years.
The company may pay finders’ fees equal to 6 per cent of the gross proceeds of the placement in cash and warrants.
All securities issued are subject to a statutory four-month hold period.
Net proceeds will be used to fund exploration work on its properties and for working capital.
Golden Independence is a development company focused on the advanced-stage Independence project in Nevada. The Independence project hosts an M&I resource of 334,300 ounces of gold and an Inferred resource of 847,000 ounces of gold.
Golden Independence Mining Corp. (IGLD) opened trading at C$0.56.