Business
Beauce Gold Fields Closes $450,000 Private Placement for Its Gold and Phosphate Projects
Montreal, Quebec--(Newsfile Corp. - June 5, 2023) - Beauce Gold Fields  (TSXV: BGF)  ...
About this update from Beauce Gold Fields, Inc.
[{"type":"text","content":"Beauce Gold Fields Closes $450,000 Private Placement for Its Gold and Phosphate ProjectsMontreal, Quebec--(Newsfile Corp. - June 5, 2023) - Beauce Gold Fields (TSXV: BGF) (Champs D'Or en Beauce), (\"BGF\" or the \"Company\"): is pleased to announce that it is closing a $450,000 Private Placement. Proceeds will go towards exploration work on the Company's gold and phosphate projects as well as for general corporate purposes.Beauce Gold Field's Phosphate Projects in QuebecTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6198/168762_3c5352554419c924_001full.jpgImage: BGF Samples SB-100, T-13-3, SB-101 and SB-102 Ditton Gold ProjectTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6198/168762_3c5352554419c924_002full.jpgThe Company announces it is closing a non-brokered private placement of 5,000,000 Flow-Through units at $0.06 per unit for gross proceeds of $300,000 and 3,000,000 units at $0.05 per unit for gross proceeds of $150,000.Each Flow-through unit will be comprised of one (1) Flow-through common share and one common share purchase warrant of the company. Each warrant will entitle the holder thereof to purchase one common share of the capital stock of the company at a price of $0.10 for a period of 24 months from the date of closing of the placement and each unit will be comprised of one common share and one common share purchase warrant of the company which will entitle the holder thereof to purchase one common share of the capital stock of the company at a price of $0.08 for a period of 36 months from the date of closing of the placement. The placement is subject to standard regulatory approvals including the approval of the exchange. The proceeds of the placement will be used: (i) to finance exploration and (ii) for general corporate purposes.In connection with the placement, the company will pay as cash finders' fees, $17,489.60 to Jean-David Moore of Quebec City, Quebec and $2,800.00 to StephenAvenue Securities Inc, of Toronto, Ontario, The company will also issue 304,560 warrants to Jean-David Moore and 56,000 warrants to StephenAvenue Securities Inc. Those warrants related to Flow-Through unit issuance as well as warrants related to common unit issuance will have the same rights and the same hold-period as the place...