- Ridgeline Minerals (RDG) has increased its non-brokered private placement for gross proceeds of $2,546,500
- 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$0.20
Ridgeline Minerals (RDG) has increased its previously announced non-brokered private placement for gross proceeds of $2,546,500.
The company will issue up to 12,732,500 units for $0.20 per unit. Each unit will consist of one common share and one-half of one warrant. Each whole warrant entitles the holder to purchase one additional common share for $0.30 per share for a period of 24 months.
The proceeds will be used to fund the company’s exploration programs and for general working capital.
Ridgeline may pay a finder’s fee in connection with the private placement.
The company anticipates closing of 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$0.20.