Business
Granada Gold Mine Closes $723,200 Private Placement
(TheNewswire) April 1, 2022 – TheNewswire - Rouyn Noranda,...
About this update from Granada Gold Mine Inc.
[{"type":"text","content":"Granada Gold Mine Closes $723,200 Private Placement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n April 1,\n \n \n 2022 –\n \n \n TheNewswire -\n \n \n Rouyn Noranda, QC\n \n \n -\n \n \n Granada Gold Mine Inc. (TSXV:GGM)\n \n \n (OTC:GBBFF)\n \n \n (the “Company” or\n“Granada”)\n \n \n announces that the Company has\nclosed a non-brokered private placement by way of issuing 12,053,333\nunits (“Units”) at a price of $0.06 per Unit raising gross\nproceeds of $723,200.\n \n \n \n \n Each Unit is comprised of one common share of the\nCompany and one share purchase warrant.  Each whole warrant will\nentitle the holder thereof to purchase one additional common share of\nthe Company at an exercise price of $0.08 per share, for a period of\nthree years from closing, subject to TSX Venture Exchange\n(“Exchange”) approval.\n \n \n \n \n GloRes Securities Inc., was paid $14,000 in cash and\nwas issued 233,333 finder’s warrants (“Finder Warrants”).  An\nadditional $15,330 cash and 255,500 Finder Warrants were also paid.\n The Finder Warrants are on the same terms as the purchaser warrants.\n \n \n The finder’s fees paid in connection with\nthe private placement are subject to Exchange approval.\n \n \n \n \n All securities issued are subject to a four-month and a\nday hold period expiring on August 2, 2022, in accordance with\napplicable securities laws.  The private placement is subject to\nfinal Exchange approval.\n \n \n \n \n The proceeds of the private placement will be used for\nsurface exploration, trenching, and historical resampling of drill\ncore on the Company’s Granada Gold Property in Québec and for\ngeneral working capital purposes.\n \n \n \n \n About Granada Gold Mine Inc.\n \n \n \n \n Granada Gold Mine Inc. continues to develop and explore\nits 100% owned Granada Gold Property near Rouyn-Noranda, Quebec which\nis\n \n \n adjacent to the prolific Cadillac Break.\n \n \n The Company owns 14.73 square kilometers of land\nin a combination of mining leases and claims. The company is currently\nundergoing a large drill program with 30,000m out of 120,000m\ncomplete. The drills are currently paused to provide the technical\nteam with the necessary time to evaluate and assimilate existing data.\n \n \n \n \...