- Under the first tranche, the company issued 11,700,000 shares for gross proceeds of C$585,000
- The proceeds of the financing will be used for the acquisition of the two prospective lithium pegmatite projects in the Eeyou Istchee James Bay territory of Quebec
- Idaho Champion is a discovery-focused exploration company
- Idaho Champion Gold Mines Canada Inc. (ITKO) opened trading at C$0.065
Idaho Champion Gold (ITKO) has closed the first tranche of its C$1M private placement offering.
Under the first tranche, the company issued 11,700,000 shares for gross proceeds of C$585,000. Each unit consists of one common share.
The proceeds of the financing will be used for the acquisition of the two prospective lithium pegmatite projects in the Eeyou Istchee James Bay territory of Quebec, preliminary fieldwork on the Projects and for general working capital purposes.
All securities issued will be subject to a statutory four-month hold period.
Idaho Champion is a discovery-focused exploration company committed to advancing its 100 per cent-owned highly prospective mineral properties located in Idaho.
Idaho Champion is vested in Idaho with the Baner Project in Idaho County, the Champagne Project located in Butte County near Arco, and four cobalt properties in Lemhi County in the Idaho Cobalt Belt.
Idaho Champion Gold Mines Canada Inc. (ITKO) opened trading at C$0.065.