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Providence Gold Mines Announces Closing of Financing
VANCOUVER – July 1, 2022 - Providence Gold Mines Inc. (“Providence” or the “Company”) (TSXV:PHD) (OTC:PRRVF) (Frankfurt:7RH1.F) announces that it has closed the
About this update from Providence Gold Mines Inc
[{"type":"text","content":"VANCOUVER – July 1, 2022 - Providence Gold Mines Inc. (“Providence” or the “Company”) (TSXV:PHD) (OTC:PRRVF) (Frankfurt:7RH1.F) announces that it has closed the previously announced financing, issuing 1,737,500 shares at a price of $0.07 per unit for gross proceeds in the amount of $121,625. Each unit consists of one common share and one warrant exercisable at a price of $0.15 for a period of one year. Insiders participated for 830,000 shares. There were no finders’ fee associated with the private placement. The Company is presently in negotiation with a funding source for a convertible equity financing in the amount of $1,300,000 USD. Company progress The Providence Group of Gold Mines are located on a group of privately owned patented mining claims located in the rich gold Motherlode district, near the Town of Sonora California. To date, the Company’s exploration program results have been successful in verifying the potential for a discovery of high-grade multi million-ounce target. The Providence Group of historical past producing high grade gold mines have remained untouched for over a hundred years and our exciting plans for this initial core drill program of 4,000 meters, designed to intersect mineralization near surface, between and beneath the numerous past producing mines. The property is easily accessed by 4x4 truck from existing logging, farm, and mine access roads. ON BEHALF OF THE BOARD \"Ronald Coombes\" Ronald A. Coombes, President & CEO Phone: (604) 724-2369 Email: [email protected] STAY TUNED! VISIT OUR WEBSITE FOR MORE DETAILS www.ProvidenceGold.com LIKE & FOLLOW @providencegoldmines CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION Neither the OTCQB and or the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s workin...