- Independence Gold Corp. (IGO) has proposed equity financing for gross proceeds of up to $1,300,000
- The equity financing consists of up to 12,500,000 flow-through common shares and up to 4,285,715 units
- The FT shares will be offered at $0.08, and the units will be offered at $0.07 for proceeds of
- Independence Gold Corp is a mineral exploration company
- Independence Gold Corp. opened trading at $0.07 per share
Independence Gold Corp. (IGO) has proposed equity financing for gross proceeds of up to $1,300,000.
The equity financing consists of up to 12,500,000 flow-through common shares and up to 4,285,715 units.
The FT shares will be offered at $0.08, and the units will be offered at $0.07. Each unit will consist of one common share of the company and one-half of one common share purchase warrant.
Each whole warrant will entitle the holder to purchase one additional Share at an exercise price of $0.12 per common share for a period of 24 months.
The proceeds will be used to fund a winter exploration program at the company’s 3Ts Property located in central British Columbia.
Exploration is expected to commence in February 2023. A portion of the proceeds from the units is also intended to be used for general and administrative purposes.
Closing of the offering is subject to receipt of applicable regulatory approvals, including the approval of the TSX Venture Exchange.
The securities issued will be subject to a four-month hold period.
On October 4, 2022, the company filed a technical report dated, effective August 18, 2022, containing an updated mineral resource estimate for the company’s 3Ts Gold Project.
Independence Gold Corp is a mineral exploration company.
Independence Gold Corp. opened trading at $0.07 per share.