- Probe Metals (PRB) has closed its previously announced private placement for gross proceeds of approximately $10,500,000
- The company issued a total of 6,000,000 units at $1.75 per unit
- Proceeds will be used to further explore and develop the company’s assets in Quebec
- Probe Metals Inc. is a Canadian gold exploration company
- Probe Metals Inc. (PRB) opened trading at C$1.82
Probe Metals (PRB) has closed its previously announced private placement for gross proceeds of approximately $10,500,000.
The company issued a total of 6,000,000 units at $1.75 per unit. Each unit consists of one-half of one share purchase warrant. Each warrant entitles the holder to acquire one additional share for a period of 24 months.
Shares and warrants issued are subject to a hold period of four months. Completion of the offering is subject to the receipt of all regulatory approvals.
David Palmer, President and CEO of Probe, commented on the capital raise.
“We are very pleased to have such strong support from our existing Québec-based institutional shareholders and to welcome the government of Quebec, through d’Investissement Québec, as a new investor in Probe Metals. It is another example of Quebec’s commitment to the responsible development of its resource sector and marks an important milestone for the Val-d’Or East project. To see this level of support from provincial sources is also an illustration of why Quebec is considered one of the most mining-friendly jurisdictions in the world. This strategic partnership not only further solidifies our ability to continue advancing our projects but also puts us in a strong position to pursue the development of the Val-d’Or East project and establish project financing options.”
Probe Metals Inc. is a Canadian gold exploration company focused on exploring and developing gold properties. The company’s key asset is the multimillion-ounce Val-d’Or East Gold Project, Québec.
Probe Metals Inc. (PRB) opened trading at C$1.82.