- Stone Gold (STG) has closed the second and final tranche of its non-brokered private placement for for aggregate gross proceeds of $805,199.84
- The first tranche consisted of 2,384,999 FT units and 1,450,000 HD units for aggregate gross proceeds of $431,199.88
- The second tranche consisted of 2,908,333 FT units and 250,000 HD units for aggregate gross proceeds of $373,999.96
- The proceeds will be used for exploration activities at the company’s properties
- Stone Gold is engaged in the acquisition, exploration, and evaluation of properties for the mining of precious and base metals in Ontario
- Stone Gold Inc. (STG) opened trading at C$0.095 per share
Stone Gold (STG) has closed the second and final tranche of its non-brokered private placement for aggregate gross proceeds of $805,199.84.
The previously announced offering included a combination of flow-through units and hard-dollar units.
The first tranche consisted of 2,384,999 FT units and 1,450,000 HD units for aggregate gross proceeds of $431,199.88. The second tranche consisted of 2,908,333 FT units and 250,000 HD units for aggregate gross proceeds of $373,999.96.
Each FT unit includes one common share and one-half common share purchase warrant Each HD unit includes one common share and one common share purchase warrant.
The proceeds will be primarily used for exploration activities as well as for general working capital purposes.
Stone Gold is engaged in the acquisition, exploration, and evaluation of properties for the mining of precious and base metals. Its projects include the Mount Jamie North property and the Coppercorp property.
Stone Gold Inc. (STG) opened trading at C$0.095 per share.