ONGold Resources Ltd. successfully closed its oversubscribed non-brokered flow-through private placement, raising $3,250,995. The company will utilize the funds for exploration expenditures on its mining properties in Manitoba and Ontario.
") is pleased to announce it has closed its oversubscribed previously announced non-brokered flow-through private placement offering raising aggregate gross proceeds of $3,250,995 . Under the Offering, the Company has issued a total of 5,001,532 common shares of the Company that qualify as"flow-through shares" for the purposes of the") at a price of $0.65 per FT Share.
The transactions pursuant to the Agreements are an important step in advancing ONGold's strategy of becoming a leading junior explorer in the prolific Stull Lake Greenstone belt of Northern Canada.The TPK Project, known for its extensive gold mineralization, covers 47,976 of hectares in a highly favourable geological setting, and has shown promising exploration results from historical drilling and recent surveys. The project area is situated in a region renowned for its mineral potential.
ONGold is committed to responsible exploration practices and sustainable development, emphasizing strong partnerships with local communities and stakeholders. By adhering to high standards of environmental stewardship and community engagement, ONGold aims to not only explore and develop its assets but also contribute positively to the regions in which it operates.
With a seasoned management team led by industry veterans and a strategic focus on high-potential mining assets, ONGold Resources Ltd. is well-positioned to become a leader in the development of next-generation mines in Canada's prolific mining sectors.Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.
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