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Providence Gold Announces Non-Brokered Private Placement of up to $600,000 Closing first tranche of $200,000
(TheNewswire) VANCOUVER - TheNewswire – June 29, 2021, Provide...
About this update from Providence Gold Mines Inc
[{"type":"text","content":"Providence Gold Announces Non-Brokered Private Placement of up to $600,000 Closing first tranche of $200,000\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n VANCOUVER -\n \n \n TheNewswire\n \n \n – June 29, 2021, Providence Gold Mining\nInc. (“Providence” or the “Company”) (TSXV:P\n \n \n HD\n \n \n )\n \n \n (OTC:PRRVF)\n \n \n is pleased to announce a non-brokered private placement\noffering (the “\n \n \n Private\nPlacement\n \n \n ”) of up to 8,571,500 common shares\nof the Company at a price of $0.07 per common share to raise gross\nproceeds of up to $600,000. The Company is pleased to announce it is\nclosing the first tranche in the amount of $200,000 for an aggregate\namount of 2,857,143 common shares.\n \n \n \n \n Certain insiders of the Company are participating in\nthe amount of $162,000 to acquire 2,314,286 common shares under the\nPrivate Placement Net proceeds from the Private Placement will be\nprimarily used towards advancing the Company’s Providence Gold\nProject located nearby the city of Sonora California and for general\nworking capital purposes.\n \n \n \n \n The Company is planning to begin opening up three new\ndiscoveries starting the second week of July, and as such,  the\nprivate placement will be closed before this planned work\ncommences.\n \n \n \n \n Finders’ fees may be payable in connection with the\nOffering and those qualified persons involved as finders will receive\na cash fee of up to 6% cash and 6% brokers warrants of the proceeds\nraised.\n \n \n \n \n Closing of the Private Placement is subject to all\nnecessary regulatory approvals including acceptance from the TSX\nVenture Exchange. All securities issued in connection with the Private\nPlacement will be subject to a four-month hold period from the closing\ndate under applicable Canadian securities laws, in addition to such\nother restrictions as may apply under applicable securities laws of\njurisdictions outside Canada.\n \n \n \n \n About Providence Gold Mines\nInc.\n \n \n \n \n Providence Gold Mining Inc. is an advanced-stage gold\nmine exploration and development company holding an option to purchase\n100% interest in the Providence Group of Gold mines near the City of\nSonora California.\n \n \n \n \n For more information, please contact Ronald Coombes,\nPres...