- Manitou Gold (MTU) has closed a non-brokered private placement for aggregate gross proceeds of $1,638,000
- The company issued 9,000,000 common shares and 15,685,714 “flow-through” common shares
- Alamos Gold Inc. purchased an aggregate of 7,000,000 shares
- O3 Mining Inc. purchased an aggregate of 2,000,000 shares
- Manitou Gold is a Canadian exploration-stage company
- Alamos Gold Inc. (AGI) opened trading at C$0.06 per share
Manitou Gold (MTU) has closed a non-brokered private placement for aggregate gross proceeds of $1,638,000.
The company issued 9,000,000 common shares, priced at $0.06 per share and 15,685,714 “flow-through” common shares priced at $0.07 per FT share.
The company also issued an aggregate of 98,000 finder’s shares and 941,142 broker warrants to eligible registrants.
Net proceeds raised will be used for working capital and exploration expenditures.
Alamos Gold Inc. purchased an aggregate of 7,000,000 shares. O3 Mining Inc. purchased an aggregate of 2,000,000 shares.
All securities issued are subject to a statutory hold period expiring on April 16, 2022.
Manitou Gold is a Canadian exploration-stage company engaged in the acquisition, exploration, and development of mineral property interests.
Manitou’s key strategic shareholders include Alamos Gold (TSX:AGI) and O3 Mining (TSXV:OIII).
Alamos Gold Inc. (AGI) opened trading at C$0.06 per share.