Source: GoldON Resources Ltd.
  • GoldON Resources (GLD) has announced a non-brokered private placement for maximum gross proceeds of $400,000
  • The company will issue up to 2,500,000 flow-through units and 1,000,000 non-flow-through units
  • Net proceeds of the offering will be used to fund the company’s initial drilling program at the 100-per-cent-owned McDonough Gold Property
  • GoldON Resources Ltd. is an exploration company focused on discovery-stage properties located in the gold-mining belts of northwestern Ontario, Canada
  • GoldON Resources Ltd. opened trading at $0.115

GoldON Resources (GLD) has announced a non-brokered private placement for maximum gross proceeds of $400,000.

The company will issue up to 2,500,000 flow-through units and 1,000,000 non-flow-through units to qualified investors.

The FT units, priced at $0.12, will consist of one flow-through share and one non-transferable share purchase warrant. The warrant will entitle the holder to purchase one common share of the company at a price of $0.20 for twelve months from the closing date of the offering.

The NFT units will be priced at $0.10 and consist of one common share and one non-transferable share purchase warrant. the warrant will also entitle the holder to purchase one additional common share of the company at a price of $0.20 per share for twenty-four months from the closing date of the offering.

All securities issued regarding this offering will have a hold period expiring four months after the closing date.

Proceeds will be used to fund the company’s initial drilling program at the 100-per-cent-owned McDonough Gold Property and for general working capital purposes.

Completion of this offering is subject to TSX Venture Exchange acceptance.

GoldON Resources Ltd. is an exploration company focused on discovery-stage properties located in the gold-mining belts of northwestern Ontario, Canada.

GoldON Resources Ltd. opened trading at $0.115.


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