PriceSensitive

Canadian gold exploration company announces $15M capital raise

Mining, The Market Online Deal Room
TSX:PRB
13 March 2023 08:45 (EDT)

Novador Project Source: Probe Gold Inc.

Probe Gold (PRB) has announced a flow-through share offering for gross proceeds of $15,000,076.

The company signed an agreement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters to sell, on a bought-deal basis, 7,389,200 flow-through common shares at a price of $2.03 per share.

The gross proceeds of the offering will be used to finance further exploration of the company’s Novador Gold and Detour Gold projects in Quebec.

The offering is expected to close on or about March 27, 2023, and is subject to all necessary regulatory approvals.

All securities issued will be subject to a statutory four-month hold period.

About Probe Gold

Probe Gold is a leading Canadian gold exploration company focused on acquiring and developing highly prospective gold properties. 

Probe Gold Inc. (PRB) opened trading at C$1.32.


Related News