- Gowest Gold (GWA) has announced a non-brokered private placement for gross proceeds of up to $500,000
- The company plans to issue up to 6,250,000 flow-through common shares at $0.08 per share
- The gross proceeds will be used to expand the mineable resource at the Bradshaw Gold Deposit
- Gowest is a Canadian gold exploration, and development company focused on the delineation and development of its 100-per-cent-owned Bradshaw Gold Deposit
- Gowest Gold Ltd. was unchanged at $0.06 at 1:13 PM ET
Gowest Gold (GWA) has proposed a non-brokered private placement for gross proceeds of up to $500,000.
The company plans to issue up to 6,250,000 flow-through common shares at $0.08 per share.
The gross proceeds from the offering will be used to expand the mineable resource at the Bradshaw Gold Deposit, as well as to further test other parts of the corporation’s North Timmins Gold Project (NTGP) area where notable gold has previously been intercepted.
“While we continue to prepare to restart Bradshaw, funds from this flow-through offering are expected to increase our gold resource both at the mine and at the other parts of our large and highly prospective NTGP area,” stated Dan Gagnon, President and Chief Executive Officer of Gowes.
“Based on the previous drilling, we remain convinced that the Bradshaw deposit extends beyond the currently defined outline in new areas adjacent to the existing underground infrastructure,” he added.
It is anticipated that the closing of the offering will occur on or about December 28, 2022.
Gowest is a Canadian gold exploration, and development company focused on the delineation and development of its 100-per-cent-owned Bradshaw Gold Deposit on the Frankfield Property, part of the company’s North Timmins Gold Project (NTGP).
Gowest Gold Ltd. was unchanged at $0.06 at 1:13 PM ET.