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GABO Mining Ltd Announces Closing of the Final Tranche of Private Placement for Aggregate Gross Proceeds of $1,175,000
(TheNewswire) VANCOUVER, British Columbia, October 10, 2024 – TheNewswire ȁ...
About this update from Gamma Resources Ltd.
[{"type":"text","content":"GABO Mining Ltd Announces Closing of the Final Tranche of Private Placement for Aggregate Gross Proceeds of $1,175,000\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n VANCOUVER, British Columbia, October 10, 2024 –\n \n\n TheNewswire –\n \n\n GABO Mining Ltd\n \n\n .\n(formerly Medallion Resources Ltd).\n \n\n (TSX-V: GAB; OTCPK: MLLOF; Frankfurt:\nMRDN) (“GABO” or the “Company”)\n \n\n is\npleased to announce the closing of the second and final tranche of its\nnon-brokered private placement (the “Private Placement”) for gross\nproceeds of $105,000. Further to the Company’s price reservation of\nJune 11, 2024 and its news release of June 26, 2024, the company has\nraised aggregate gross proceeds of $1,175,000 in the offering.\n \n\n\n\n As stated in the June 26, 2024 news releases, “The\nfinancing allows us to evaluate opportunities in the resource sector\nwithin the Americas and continue to progress the Company’s efforts\nwith respect to its proprietary rare-earth element (“REE”)\nextraction process currently licensed to ACDC Metals Ltd (ASX:ADC) in\nAustralia,” said Gabriel Alonso-Mendoza, President and CEO of\nGABO.\n \n\n\n\n In connection with the closing of the final tranche,\nthe Company issued 1,050,000 units of the Company at a price of 10\ncents per unit for gross proceeds of $105,000. Each unit is composed\nof one common share in the capital of the Company and one common share\npurchase warrant of the Company. Each warrant entitles the holder\nthereof to purchase one share until October 8, 2027, at an exercise\nprice of 15 cents per warrant share.\n \n\n\n\n The completion of the second tranche of the Private\nPlacement is subject to the acceptance of the TSX Venture\nExchange.\n \n\n\n\n All securities issued in connection with the Private\nPlacement will be subject to a four-month hold period from the Closing\nDate, pursuant to applicable securities laws and the policies of the\nTSX Venture Exchange. The securities issued in connection with the\nPrivate Placement have not been nor will they be registered under the\nUnited States Securities Act of 1933, as amended, or state securities\nlaws, and may not be offered or sold in the United States or to an\naccount for the benefit of US persons, absent such registratio...