is pleased to announce the closing of the second and final tranche of a non-brokered private placement, previously announced on December 5, 2024, for aggregate gross proceeds of approximately $250,000 consisting of the sale of 1,136,364 common shares at a price of C$0.22 per common share (each an “”). Combined with the closing of the first tranche of the Offering completed on December 23, 2024, in total the Offering raised gross proceeds of $5.
25 million (see the Company's news release dated December 23, 2024). “We are very grateful for the strong support and interest in this upsized financing to fully fund an impactful 2025 exploration program on our district-scale gold and critical mineral property portfolio with a unique mix of significant defined gold resources with extensive prospectivity for growth and greenfield opportunities in a prolific and underexplored area of a tier 1 jurisdiction in Canada,” stated David D’Onofrio, Chief Executive Officer.”) dated December 13, 2016, Agnico acquired the 1,136,364 HD Shares pursuant to the Offering and holds 18.3% ownership interest in the Company on a partially-diluted basis following the completion of the Offering. All securities issued pursuant to the Offering are subject to a statutory four-month and one day hold period in accordance with applicable Canadian securities laws.) representing approximately 40% of the Yukon’s emerging White Gold District. The Company’s flagship White Gold project hosts four near-surface gold deposits which collectively contain an estimated 1,203,000 ounces of gold in Indicated Resources and 1,116,600 ounces of gold in Inferred Resources. Regional exploration work has also produced several other new discoveries and prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Newmont Corporation with Measured and Indicated Resources of 2.1 Moz at 1.28 g/t gold and Inferred Resources of 0.2 Moz at
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Company Closes First Tranche of Non-Brokered OfferingThe company announced the successful closing of the first tranche of its non-brokered offering of flow-through units and non-flow-through units (NFTs). The offering raised gross proceeds of $56,025 from the NFT units and a total of $398,025 for the initial closing. The second tranche is expected to close in mid-January 2025. Funds from the flow-through portion will be used for eligible Canadian exploration expenses related to the Albert Lake and Gochager Lake projects in Saskatchewan. Proceeds from the NFT units will support exploration, development, and working capital.
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Company Closes First Tranche of Private PlacementThe Company successfully closed the first tranche of its private placement, raising $97,800. The funds will be used to develop mineral property interests in Argentina and for general working capital.
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Company Raises \$2.12 Million in Second Tranche of Private PlacementThe company announced the successful completion of a second tranche of its non-brokered private placement, raising gross proceeds of US$1,312,528 (CA$1,837,538.78). Combined with the first tranche, the total gross proceeds amount to US$2,120,550.55 (CA$2,968,769.62). These funds will be used for exploration, development, production activities, as well as corporate G&A and general working capital.
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Company Announces Second Tranche Closing of Non-brokered Private PlacementThe company announced a second tranche closing of its non-brokered private placement, raising $85,000 at a price of $0.05 per unit. Each unit consists of one common share and a warrant. The warrants include an acceleration clause tied to the daily volume weighted average closing price of the common shares on the Canadian Securities Exchange.
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