- Prosper Gold Corp. (PGX) has closed the second tranche of its non-brokered private placement of hard dollar units and flow-through units
- The second tranche consisted of 2,155,000 HD units and 2,140,000 FT units
- Gross proceeds of the second tranche totalled $966,000
- Net proceeds will be used to fund exploration activities at the Golden Sidewalk Project
- Prosper Gold is an exploration and development company engaged in the exploration and development of mineral resource properties in BC and Ontario
- Prosper Gold Corp. (PGX) is unchanged on the day, trading at C$0.30 per share at 4:15 pm ET
Prosper Gold Corp. (PGX) has closed the second tranche of its non-brokered private placement of hard dollar units and flow-through units.
The second tranche consisted of 2,155,000 HD units at $0.20 per HD unit and 2,140,000 FT units at $0.25 per FT unit for gross proceeds of $966,000.
Each HD unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share for a period of 24 months following the closing date.
Each FT unit consists of one flow-through common share and one–half of one non-transferable non-flow-through common share purchase warrant. Each whole NFT warrant entitles the holder to acquire one additional common share for a period of 24 months following the closing date of the offering.
Warrants are subject to an acceleration clause.
In connection with the second tranche, finder’s fees totalling $52,300 in cash and 217,800 common share purchase warrants were issued.
Net proceeds will be used to fund exploration activities at the Golden Sidewalk Project and for working capital and general corporate purposes.
All securities issued are subject to a statutory four-month hold period.
Prosper Gold is an exploration and development company engaged in the exploration and development of mineral resource properties in British Columbia and Ontario.
Prosper Gold Corp. (PGX) is unchanged on the day, trading at C$0.30 per share at 4:15 pm ET.