- Pucara Gold (TORO) files for private placement financing of $700,000
- The company will issue 14,000,000 units at a cost of $0.05 per unit
- The company will use the proceeds to fund ongoing CSR efforts and to work towards acquiring drill permits
- Pucara is a junior exploration company focused on the discovery and advancement of economic precious metals deposits in resource-rich Peru
- Pucara Gold (TORO) is trading at $0.06 per share
Pucara Gold (TORO) files for private placement financing of $700,000.
The company will issue 14,000,000 units at a cost of $0.05 per unit.
Each unit consists of one common share and one common share purchase warrant.
Each warrant entitles the holder to purchase one share for $0.08 over a five-year period.
All securities are subject to a four-month resale hold.
Two insiders of the company subscribed for $91,000, or 1,820,000 units of the financing.
Pucara will use the proceeds to fund ongoing CSR efforts and to work towards acquiring drill permits.
Pucara is a junior exploration company focused on the discovery and advancement of economic precious metals deposits in resource-rich Peru.
Pucara Gold (TORO) is trading at $0.06 as of 1:55 pm ET.