- Sylla Gold (SYG.H) has closed the first tranche of a non-brokered private placement for gross proceeds of $2,399,500
- The company issued 11,997,500 units priced at $0.20 per unit
- Proceeds will be used for corporate and general working capital purposes
- Sylla Gold is an exploration stage company
- Shares of Sylla Gold Corp. (SYG.H) opened trading at C$0.19
Sylla Gold (SYG.H) has closed the first tranche of a non-brokered private placement for gross proceeds of $2,399,500.
The company issued 11,997,500 units priced at $0.20 per unit. Each unit includes one common share and one share purchase warrant. Each warrant entitles the holder to acquire one additional share at a price of $0.32 for a period of two years from the closing of the offering.
The company paid a cash commission of $130,600 and 640,000 broker warrants to eligible finders.
All securities issued are subject to a four-month hold period.
The proceeds will be used for corporate and general working capital purposes, exploration and to satisfy payables.
Sylla Gold is an exploration stage company focused on acquiring, exploring, and developing mineral properties.
Shares of Sylla Gold Corp. (SYG.H) opened trading at C$0.19.