- P2 Gold (PGLD) has closed its previously announced non-brokered private placement of flow-through units and non-flow-through units for gross proceeds of $3.25 million
- The company issued 5,231,667 flow-through-units and 225,000 non-flow-through units
- The gross proceeds of the FT offering will be used to fund exploration on the BAM Property in B.C.
- The proceeds of the NFT offering will be used for general corporate purposes
- P2 is a mineral exploration and development company
- P2 Gold Inc. (PGLD) opened trading at C$0.415
P2 Gold (PGLD) has closed a non-brokered private placement of flow-through units and non-flow-through units for gross proceeds of approximately $3.25 million.
The company issued 5,231,667 flow-through-units for gross proceeds of $3.14 million and 225,000 non-flow-through units for gross proceeds of $112,500.
Each FT unit consists of one flow-through common share and one non-flow-through common share purchase warrant. Each FT warrant entitles the holder to purchase one additional non-flow-through common share for a period of two years.
The gross proceeds of the FT offering will be used to fund exploration on the BAM Property in B.C.
Each NFT unit consists of one non-flow-through common share and one non-flow-through common share purchase warrant. Each NFT warrant entitles the holder to purchase one additional non-flow-through common share for a period of two years.
The proceeds of the NFT offering will be used for general corporate purposes.
P2 Gold paid finder’s fees totalling $154,980 and issued 258,300 warrants to arm’s length finders.
All securities issued will be subject to a statutory hold period expiring on October 31, 2022.
P2 is a mineral exploration and development company focused on advancing precious metals and copper discoveries and acquisitions in the western United States and British Columbia.
P2 Gold Inc. (PGLD) opened trading at C$0.415.