Business
Golden Cross Closes C$5M Private Placement Including Cornerstone Investment by Jupiter Asset Management
Vancouver, British Columbia--(Newsfile Corp. - July 8, 2025) - Golden Cross Resources Inc. (TSXV:...
About this update from Golden Cross Resources Inc.
[{"type":"text","content":"Golden Cross Closes C$5M Private Placement Including Cornerstone Investment by Jupiter Asset ManagementVancouver, British Columbia--(Newsfile Corp. - July 8, 2025) - Golden Cross Resources Inc. (TSXV: AUX) (OTC: ZCRMF) (FSE: ZMLO) (\"Golden Cross\" or the \"Company\") is pleased to announce that it has closed its non-brokered private placement of units, raising gross proceeds of C$5,000,000 (the \"Private Placement\"), including a C$2,000,000 lead order by Jupiter Asset Management.CEO, Matthew Roma, quoted: \"The strong display of financial commitment from the market and experienced institutional resource investors, including Jupiter Asset Management, has ensured that Golden Cross can ramp up its exploration efforts across the underexplored and highly prospective Reedy Creek Project.\"About Jupiter Asset ManagementJupiter Asset Management is a UK fund management group, managing equity and bond investments for private and institutional investors. The company manages assets across a wide range of international and UK based mutual funds, investment companies and institutional mandates, as well as providing wealth management services. The Company offers a variety of equity portfolios specializing in markets such as the UK, Europe, Asia and other emerging European nations. The Private Placement consisted of the issuance of 11,111,111 units priced at $0.45 per unit (each, a \"Unit\"). Each Unit consists of one common share in the capital of the Company (a \"Share\") and one half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant entitles the holder to purchase one additional Share at a price of $0.65 per Share until July 8, 2027.The Company intends to use the proceeds of the Offering to accelerate exploration drilling and development of the Company's Reedy Creek high-grade gold project located in Victoria, Australia.In connection with the closing of the Private Placement, Golden Cross paid cash finder's fees totaling C$295,452.17. Red Cloud Securities Inc. acted as a finder in connection with the Offering. The Private Placement is subject to all necessary regulatory approvals, including the final approval of the TSX Venture Exchange. The securities issued under the Private Placement will be subject to a hold period under applicable securities laws in Canada expiring four months and one day from the ...