- Minnova Corp (MCI) has closed its non-brokered private placement for gross proceeds of $500,000
- The company issued 5,000,000 common shares at a price of $0.10 per share
- A portion of the proceeds will be used to re-start mining operations at the company’s PL Mine
- Minnova Corp. is an emerging Canadian gold producer
- Minnova Corp. (MCI) opened trading at C$0.13 per share
Minnova Corp (MCI) has closed its previously announced non-brokered private placement for gross proceeds of $500,000.
The company issued 5,000,000 common shares at a price of $0.10 per share.
The proceeds will be used to fund work programs related to renewable energy development plans and exploration and re-start of mining operations at the company’s PL Mine.
The company paid a finder’s fee consisting of a cash commission and broker warrants. Each broker warrant is exercisable into shares at a price of $0.15 per until December 8, 2023.
All securities issued will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.
Minnova Corp. is an emerging Canadian gold producer focused on restarting the PL Gold Mine and expanding gold resources on its PL and Nokomis gold deposits.
Minnova Corp. (MCI) opened trading at C$0.13 per share.