Andina Gold Corp. Announces Completion of Private Placement
DENVER, July 7, 2021 /PRNewswire/ -- Andina Gold Corp. (the "Company") today announced the completion of a non-brokered private placement (the "Private Placement") of units ("Units") to accredited investors at a price of $1,000 per Unit.
- DENVER, July 7, 2021 /PRNewswire/ -- Andina Gold Corp. (the "Company") today announced the completion of a non-brokered private placement (the "Private Placement") of units ("Units") to accredited investors at a price of $1,000 per Unit.
- The Private Placement was accomplished in two tranches, an initial tranche of 3,000 Units and a second tranche (added in response to strong investor interest) of 1,900 Units.
- Company Chief Executive Officer Christian Noel noted, "The Company has applied the proceeds of the Private Placement to pay for and close its acquisition of the assets of CryoCann USA Corp and to increase the Company's working capital.
- We take the success of the Private Placement as an indication of investor enthusiasm for CryoCann technologies and their promise for efficiently collecting and conserving pure, high-value plant materials."