- Stone Gold (STG) has announced a non-brokered private placement of up to $900,000
- The company will issue a combination of flow-through units at $0.12 per FT unit and hard-dollar units at $0.10 per HD unit
- 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$0.11 per share
Stone Gold (STG) has announced a non-brokered private placement of up to $900,000.
The company will issue a combination of flow-through units at $0.12 per FT unit and hard-dollar units at $0.10 per HD unit.
Each FT unit will consist of one common share and one-half of one common share purchase warrant. Each FT warrant will entitle the holder to acquire one additional common share at a price of $0.20 for a period of 24 months.
Each HD unit will consist of one common share and one common share purchase warrant. Each HD warrant will entitle the holder to acquire one additional common share at a price of $0.15 for a period of24 months.
The warrants are subject to an acceleration clause.
The proceeds will be used for exploration activities at the company’s properties, as well as for general working capital purposes.
The offering is subject to receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange. The securities issued will be subject to a statutory hold period of four months and one day.
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$0.11 per share.
