- Magnum Goldcorp (MGI) has closed its private placement for gross proceeds of $150,000
- The company issued 3,000,000 units at $0.05 per unit
- Each warrant entitles the holder to purchase an additional common share at an exercise price of $0.10 for a period of 5 years
- Net proceeds will be used primarily to fund further exploration of its LH Property in southeastern British Columbia
- Magnum Goldcorp Inc. (MGI) opened trading at C$0.055 per share
Magnum Goldcorp (MGI) has closed its private placement for gross proceeds of $150,000.
The company issued 3,000,000 units at $0.05 per unit. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase an additional common share at an exercise price of $0.10 for a period of 5 years.
No finders’ fees were paid in connection with the private placement.
Net proceeds will be used to fund further exploration of its LH Property in southeastern British Columbia and for general working capital purposes.
Magnum Goldcorp Inc is engaged in the acquisition and exploration of mineral resource properties.
Magnum Goldcorp Inc. (MGI) opened trading at C$0.055 per share.