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Treasury Metals Announces Non-Brokered Private Placement For Up To $4 Million To Advance Goliath Gold Complex
Treasury Metals Announces Non-Brokered Private Placement For Up To $4 Million To Advance Goliath ...
About this update from Nexgold Mining Corp.
[{"type":"text","content":"\n \n \n \n Treasury Metals Announces Non-Brokered Private Placement For Up To $4 Million To Advance Goliath Gold Complex\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TSX: TML       OTCQX: TSRMF\n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Nov. 23, 2023\n \n \n /CNW/ -\n \n Treasury Metals Inc.\n \n (TSX: TML); (OTCQX: TSRMF) (\"\n \n Treasury\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it proposes to complete a non-brokered private placement to raise gross proceeds of up to\n \n $4 million\n \n (the \"\n \n Offering\n \n \"). The Offering will consist of up to 28.6 million units (the \"\n \n Units\n \n \") of the Company at a price of\n \n $0.14\n \n per Unit. Each Unit will consist of one common share in the capital of the Company and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant a \"\n \n Warrant\n \n \"). Each whole Warrant will be exercisable at a price of\n \n $0.25\n \n for a period of 36 months following the closing of the Offering.\n \n \n The gross proceeds from the sale of the Units will be used by the Company to fund exploration and development activities, which include, but are not limited to, permitting, community consultations and technical studies to support these activities towards advancing the Goliath Gold Complex and for working capital and general corporate purposes.\n \n \n The Offering is expected to close on or about\n \n December 14, 2023\n \n , or such other date or dates as determined by the Company and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange and any applicable securities regulatory authorities. There can be no assurance as to whether or when the Offering may be completed, or as to the actual final size of the Offering. All s...