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P2 Gold Announces Closing of Second Tranche of Financing
P2 Gold Announces Closing of Second Tranche of Financing Canada NewsWire /NOT...
About this update from P2 Gold Inc.
[{"type":"text","content":"\n\n\n\n P2 Gold Announces Closing of Second Tranche of Financing\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 /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Sept. 29, 2025\n \n\n /CNW/ -\n \n P2 Gold Inc.\n \n (\"P2\" or the \"Company\") (TSXV: PGLD) reports that it has closed the second tranche (the \"Second Tranche\") of its non-brokered private placement, previously announced on\n \n September 3, 2025\n \n ,\n \n September 15, 2025\n \n and\n \n September 18, 2025\n \n , of up to 55 million units (the \"Units\") at a price of\n \n $0.20\n \n per Unit for gross proceeds of up to\n \n $11,000,000\n \n (the \"Offering\"). The Second Tranche consisted of 25,034,500 Units for gross proceeds of\n \n $5,006,900\n \n . The Units issued under the Offering were offered to purchasers pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 –\n \n Prospectus Exemptions\n \n (\"Listed Issuer Financing Exemption\").\n \n\n\n\n\n\n\n\n\n \"The proceeds from the financing, along with the proceeds from the exercise of warrants expiring in 2026, are expected to fund\n \n Gabbs\n \n through the feasibility stage,\" commented\n \n Joe Ovsenek\n \n , President & CEO of P2. \"With infill and expansion drilling expected to kick off in October, we will push hard to achieve our milestones to production.\"\n \n\n Each Unit consists of one common share in the capital of the Company (an \"Offering Share\") and one common share purchase warrant (a \"Warrant\"). Each Warrant will entitle the holder to purchase one additional common share in the capital of the Company at an exercise price of\n \n $0.30\n \n per common share for a period of two years after the date of issue (the \"Expiry Time\"), provided that the Warrants shall not be exercisable for a period of 60 days after the date of issue. The Company has removed the acceleration provision from the Warrant ter...