- Solstice Gold Corp. (SGC) has announced a non-brokered private placement for gross proceeds of $1.1 million
- The offering will consist of flow-through common shares and units
- The gross proceeds will fund exploration at the company’s mining projects in Ontario
- Solstice Gold Corp is a gold exploration company
- Solstice Gold Corp. (SGC) opened trading at C$0.10 per share
Solstice Gold Corp. (SGC) has announced a non-brokered private placement for gross proceeds of $1.1 million.
The offering will consist of flow-through common shares and units. Each unit consists of one common share and one share purchase warrant. Each warrant is exercisable for one common share for a period of 18 months.
Mike Timmins, Solstice CEO commented on the capital raise.
“Current drilling at the Red Lake Extension (RLX) project is tracking to plan and given the size of the property position, number of developed target areas and early observations from core logging, we will expand the program and continue to focus our activities on this under explored extension of the Camp. We are fortunate to have a tremendous level of support from our board of directors and it’s exciting to be able to attract new investment to fuel our goal of making a new discovery in Red Lake.”
The gross proceeds will fund exploration at the company’s mining projects in Ontario and for general corporate and working capital.
The offering is expected to close on or before August 19, 2022.
Solstice Gold Corp is a gold exploration company. Its material property is the gold project at the Kahuna Property and Red Lake Extension project.
Solstice Gold Corp. (SGC) opened trading at C$0.10 per share.