- Ophir Gold Corp. (OPHR) has increased the size of its non-brokered private placement for gross proceeds of up to $2,050,000
- The company will issue up to 15,500,000 units at a price of $0.10 per unit and up to 3,333,333 flow-through units at a price of $0.15 per FT unit
- The proceeds will be used for exploration work on the company’s Breccia Gold Property and general working capital purposes
- Ophir Gold Corp. is a gold exploration company focused on the exploration and development of its flagship property, the Breccia Gold Property in Idaho
- Ophir Gold Corp. (OPHR) opened trading at C$0.115
Ophir Gold Corp. (OPHR) has increased the size of its non-brokered private placement for gross proceeds of up to $2,050,000.
The company will issue up to 15,500,000 units at a price of $0.10 per unit and up to 3,333,333 flow-through units at a price of $0.15 per FT unit.
Each unit will include one common share and one share purchase warrant. Each warrant will entitle the holder to acquire one additional share at a price of $0.20 for a period of two years. Each FT unit will include one common share, issued on a flow-through basis and one share purchase warrant, issued on a non-flow-through basis. Each FT warrant will entitle the holder to acquire one additional share at a price of $0.22 for a period of two years.
All securities issued will be subject to a statutory four month hold period.
The proceeds will be used for exploration work on the company’s Breccia Gold Property and general working capital purposes.
The closing of the offering is subject to the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.
Ophir Gold Corp. is a gold exploration company focused on the exploration and development of its flagship property, the Breccia Gold Property in Idaho. The company has an option to earn a 100 per cent interest in the property over a three-year period.
Ophir Gold Corp. (OPHR) opened trading at C$0.115.