• Gossan Resources Limited (GSS) has closed its previously announced non-brokered private placement for aggregate gross proceeds of $880,000
  • The company issued 5,500,000 units priced at $0.16 per unit
  • The proceeds will be used to advance the company’s Gander Property and for general working capital purposes
  • Gossan Resources Limited holds mineral exploration and development properties located in Manitoba, Northwestern Ontario and Newfoundland
  • Gossan Resources Limited (GSS) opened trading at C$0.115 per share

Gossan Resources Limited (GSS) has closed its previously announced non-brokered private placement for aggregate gross proceeds of $880,000.

The company issued 5,500,000 units priced at $0.16 per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share at a price of $0.24 for a period of two years.

All securities issued are subject to a four-month hold period.

The proceeds will be used for corporate and general working capital purposes and to advance its Gander Property.

The closing of the offering is subject to the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.

Gossan Resources Limited holds mineral exploration and development properties located in Manitoba, Northwestern Ontario and Newfoundland. The company is focused on advancing the exploration and drilling of its Glitter Property, located in Northwestern Ontario.

Gossan Resources Limited (GSS) opened trading at C$0.115 per share.

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