Business
Beauce Gold Fields to Close a $300,000 Private Placement: Insiders Increase Their Holdings in the Company
Montreal, Quebec--(Newsfile Corp. - December 19, 2023) - Beauce Gold Fields (TSXV: BGF)
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About this update from Beauce Gold Fields, Inc.
[{"type":"text","content":"Beauce Gold Fields to Close a $300,000 Private Placement: Insiders Increase Their Holdings in the CompanyMontreal, Quebec--(Newsfile Corp. - December 19, 2023) - Beauce Gold Fields (TSXV: BGF) (Champs D'Or en Beauce), (\"BGF\" or the \"Company\") is pleased to announce it has it is closing a non-brokered private placement of 1,100,000 Flow-Through units at $0.05 per unit for gross proceeds of $55,000 and 7,000,000 units at $0.035 per unit for gross proceeds of $245,000.Patrick Levasseur, President and CEO of Beauce Gold Fields, said, \"With a developing macro environment that is favorable for gold, along with our recently announced discovery of a promising structure which could be one of the sources of gold placers in Saint-Simon-les-Mines, we are very excited for 2024.\"Each Flow-through unit will be comprised of one (1) Flow-through common share and one half of one common share purchase warrant of the company. Each full 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 $0.05 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, $2,800.35 to StephenAvenue Securities Inc, of Toronto, Ontario. The company will also issue 80,010 warrants to StephenAvenue Securities Inc. Those warrants will entitle the agent to purchase one common share of the capital stock of the company at a price of $0.05 for a period of 36 months from the date of closing of the placement.Insiders of the company subscribed for 1,629,000 units in the placement composed of 100,000 Flow-Through units and 1,529,000 common units. Patrick Levasseur subscribed for 1,000,000 units, Robert Gagnon, through its company for 143,000 units, Ann Lavasseur for 100,000 Flow-Through units and 143,000 units, Bernard ...