Closing of Additional Private Placement for Proceeds of $500,000
- In addition, the Company has closed on a separate private placement (the "Additional Private Placement") that had not been previously announced for gross proceeds of $500,000.
- A syndicate led by Palisades Goldcorp Ltd. purchased a total of 1,600,000 of the NFT Units in the First Tranche.
- Funds managed by Sprott Asset Management LLP purchased 2,857,143 FT Units of the Private Placement.
- Total gross proceeds of the Private Placement (both the First Tranche and the Second Tranche in the aggregate) were $3,717,450.