3TZ announces a private placement financing to raise up to $1.95 million for property exploration and working capital. Golden Cariboo Resources Ltd. is also focusing on exploration at its Quesnelle Gold Quartz Mine property.
3TZ) announces a non-brokered private placement financing (the “Offering”) of up to 15,000,000 units (the “Units”) at a price of $0.13 per Unit to raise gross proceeds of up to $1,950,000. Each Unit will consist of one common share in the capital of the Company (a “Common Share”) and one half of one share purchase warrant (a “Warrant”); Two half Warrants will equal one full share purchase Warrant, exercisable for a period of 3 years from the closing date, at exercise prices as follows: $0.
18 in year one, $0.22 in year two, and $0.25 in year three. The private placement is subject to Canadian Securities Exchange (“CSE”) approval and all securities are subject to a four-month hold period. Finder’s fees may be payable in connection with the private placement, all in accordance with the policies of the CSE. The proceeds from this private placement will be used for continued property exploration and for general working capital.Golden Cariboo Resources Ltd. is rediscovering the Cariboo Gold Rush by proceeding with highly targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine property which is almost fully encircled on 3 of 4 sides by Osisko Development (NSE-ODV/TSXV-ODV). Historically, over 101 placer gold creeks on the 90 km trend from the Cariboo Hudson mine north to the Quesnelle Gold Quartz Mine property have recorded production and successful placer mining continues to this day. Golden Cariboo’s Quesnelle Gold Quartz Mine property is 4 km northeast of, and road accessible from, Hixon in central British Columbia. Theincludes the Quesnelle Quartz gold-silver deposit, which was discovered in 1865 in conjunction with placer mining activities. Hixon Creek, which dissects the old workings, is a placer creek which has seen small-scale placer production since the mid 1860
FINANCING EXPLORATION MINING GOLD PRIVATE PLACEMENT
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Opawica Explorations Announces CAD$1.5 Million Private PlacementOpawica Explorations Inc. plans a non-brokered flow-through private placement to raise up to C$1,500,000. The financing will involve units priced at C$0.25 each, with warrants exercisable at C$0.40 per share. Proceeds will fund drilling at the Arrowhead and Bazooka properties in Quebec, Canada.
Read more »
Kirkland Lake Discoveries Corp. Announces Private Placement OfferingKirkland Lake Discoveries Corp. announces a private placement offering of up to $1,600,000 to finance exploration expenditures and general corporate purposes. The offering consists of Units and FT Units, each with varying share and warrant structures.
Read more »
Doubleview Announces Non-Brokered Private Placement for Up to $1,500,000Doubleview, a mineral resource exploration and development company, announces a non-brokered private placement to raise up to $1,500,000. The proceeds will be used to fund exploration work on its BC projects, particularly the Hat Project.
Read more »
Cascadia Mining Closes Private Placement, Announces Catch Property ExplorationCascadia Mining Corp. closed a private placement, raising $1.25 million. The funds will be used to advance exploration at the company's Catch property, which displays significant copper and gold mineralization. The company also highlights its related party transactions and reliance on exemptions from valuation and approval requirements.
Read more »
Decade Resources Announces Non-Brokered Private PlacementDecade Resources Ltd. is raising up to $125,000 through a non-brokered private placement of flow-through shares. Proceeds will be used to fund exploration projects in British Columbia.
Read more »
Canadian Gold Resources Announces Non-Brokered Private PlacementCanadian Gold Resources Ltd. is pleased to announce a non-brokered private placement of up to 7,500,000 flow-through units and up to 1,000,000 non flow-through units to raise up to $2,500,000. Proceeds will be used for bulk sampling, exploration at the Lac Arsenault property and other gold projects in Quebec, and general working capital.
Read more »