- P2 Gold (PGLD) intends to reprice its previously announced non-brokered private placement of units for gross proceeds of up to $2 million
- The company will issue up to 4 million units priced at $0.50 per unit
- Each unit will consist of one common share and one common share purchase warrant
- The proceeds will be used to fund exploration and engineering expenditures
- P2 is a mineral exploration and development company
- P2 Gold Inc. (PGLD) is up 5.68 per cent, trading at C$0.465 per share at 2:05 pm ET
P2 Gold (PGLD) intends to reprice its previously announced non-brokered private placement.
The company will issue up to 4 million units priced at $0.50 for gross proceeds of up to $2 million.
Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at an exercise price of $0.95 for a period of two years.
Warrants are subject to an acceleration clause.
The proceeds will be used to fund exploration and engineering expenditures and for general corporate purposes.
P2 is a mineral exploration and development company focused on advancing precious metals discoveries and acquisitions in the western United States and British Columbia.
P2 Gold Inc. (PGLD) is up 5.68 per cent, trading at C$0.465 per share at 2:05 pm ET.