- Ridgeline Minerals Corp. (RDG) has amended its non-brokered private placement for gross proceeds of up to $2.5 million
- The company will now issue up to 12,500,000 units for $0.20 per unit
- Each unit will consist of one common share, and one-half of one share purchase warrant
- The proceeds will be used to fund exploration programs and for general working capital
- Ridgeline Minerals is a gold-silver explorer with five projects in Nevada and Idaho
- Ridgeline Minerals Corp. (RDG) opened trading at C$0.22
Ridgeline Minerals Corp. (RDG) has amended its previously-announced non-brokered private placement for gross proceeds of up to $2.5 million.
The company will now issue up to 12,500,000 units for $0.20 per unit. Each unit consists of one common share, and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at $0.30 for a period of 24 months.
The proceeds will be used to fund exploration programs and for general working capital.
Ridgeline may pay a finder’s fee in connection with the offering and this financing is subject to the approval of the TSX Venture Exchange.
The company anticipates closing the private placement as soon as practicable subject to receipt of all necessary regulatory approvals.
Ridgeline Minerals is a gold-silver explorer with an exploration portfolio of five projects in Nevada and Idaho.
Ridgeline Minerals Corp. (RDG) opened trading at C$0.22.