- The company issued 3,007,770 flow-through units at a price of $0.44 per FT unit for aggregate gross proceeds of approximately $1,323,420
- Each FT unit consists of one common share and one common share purchase warrant
- Net proceeds from the first tranche of the offering will help fund Hanstone’s ongoing exploration drilling program
- The securities issued under the first tranche are subject to a hold period expiring November 30, 2021
- Hanstone Gold is a precious and base metals explorer focused on the Doc and Snip North Projects located in the Golden Triangle
- Hanstone Gold Corp. (HANS) is up 2.50 per cent, trading at C$0.41 per share at 4:25 pm ET
Hanstone Gold (HANS) has closed the first tranche of its non-brokered private placement.
The company issued 3,007,770 flow-through units at a price of $0.44 per FT unit for aggregate gross proceeds of approximately $1,323,420.
Each FT unit consists of one common share and one common share purchase warrant. Each warrant is exercisable to acquire one common share at $0.47 per for a period of 24 months.
Net proceeds from the first tranche of the offering will help fund Hanstone’s ongoing exploration drilling program.
The securities issued under the first tranche are subject to a hold period expiring November 30, 2021.
Hanstone Gold is a precious and base metals explorer focused on the Doc and Snip North Projects located in the Golden Triangle. The company holds a 100 per cent earn-in option in the 1,704-hectare Doc Project and owns a 100 per cent interest in the 3,336-hectare Snip North Project.
Hanstone Gold Corp. (HANS) is up 2.50 per cent, trading at C$0.41 per share at 4:25 pm ET.