- Satori Resources (BUD) generated proceeds totalling $1,714,350 from its private placement offering
- The company issued 10,450,000 flow-through common shares at a price of $0.135, and 2,760,000 common shares at a price of $0.11 per share
- The company paid cash finders’ fees of $100,911
- Satori Resources is a Canadian-based mineral exploration and development company
- Satori Resources Inc. (BUD) is unchanged, trading at C$0.125 per share at 3:25 pm ET
Satori Resources (BUD) has closed its private placement offering for gross proceeds totalling $1,714,350.
The company issued 10,450,000 flow-through common shares at a price of $0.135, and 2,760,000 common shares at a price of $0.11 per share.
The funds will be allocated primarily toward drilling activities in the vicinity of the existing mine infrastructure at the Tartan Lake Gold Mine Project, along with follow-up geophysical analyses, a summer ground reconnaissance program to test underexplored targets, and for general working capital.
The company paid cash finders’ fees of $100,911.
All of the securities issued are subject to a hold period expiring four months and one day after the date of issuance.
Pete Shippen, Chairman, states,
“We would like to thank our shareholders for the continued support of our Company through this financing. Our existing stakeholders formed an overwhelming majority of this Private Placement and share our belief in the upside potential at Tartan Lake.”
Satori Resources is a Canadian-based mineral exploration and development company whose primary property is the Tartan Lake Gold Mine Project, located in Manitoba. Satori also holds a 100% interest in the New Delhi Project, an advanced polymetallic gold project in the Sudbury Mining District, Ontario.
Satori Resources Inc. (BUD) is unchanged, trading at C$0.125 per share at 3:25 pm ET.