- P2 Gold has closed the first tranche of its non-brokered private placement for gross proceeds of approximately $732,490
- The first tranche consisted of 2,712,929 units at $0.27 per unit
- Proceeds will be used to fund exploration and engineering expenditures and general corporate purposes
- P2 Gold Inc. is a mineral exploration company focused on advancing precious metals and copper discoveries and acquisitions
- P2 Gold Inc. opened trading at $0.25 per share
P2 Gold has closed the first tranche of its previously-announced non-brokered private placement for gross proceeds of approximately $732,490.
The first tranche consisted of 2,712,929 units at $0.27 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at an exercise price of $0.40 for a period of two years.
Warrants are subject to an acceleration clause.
Proceeds will be used to fund exploration and engineering expenditures and for general corporate purposes.
All securities issued in connection with the offering will be subject to a four-month hold period.
P2 Gold Inc. 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 $0.25 per share.
