Business
Providence Gold Mines Inc. Announces Closing of Financing
(TheNewswire) VANCOUVER – July 1, 2022, Providence Gold Mines Inc. (&#...
About this update from Providence Gold Mines Inc
[{"type":"text","content":"Providence Gold Mines Inc. Announces Closing of Financing \n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n VANCOUVER – July 1, 2022,\nProvidence Gold Mines Inc. (“Providence” or the “Company”)\n \n \n (TSXV:PHD) (OTC:PRRVF)\n(Frankfurt:7RH1.F)\n \n \n announces that it has closed\nthe previously announced financing, issuing 1,737,500 shares at a\nprice of $0.07 per unit for gross proceeds in the amount of $121,625.\nEach unit consists of one common share and one warrant exercisable at\na price of $0.15 for a period of one year. Insiders participated for\n830,000 shares. There were no finders’ fee associated with the\nprivate placement.\n \n \n \n \n The Company is presently in negotiation with a funding\nsource for a convertible equity financing in the amount of $1,300,000\nUSD.\n \n \n \n \n Company progress:\n \n \n \n \n The Providence Group of Gold Mines are located on a\ngroup of privately owned patented mining claims located in the rich\ngold Motherlode district, near the Town of Sonora California. To date,\nthe Company’s exploration program results have been successful in\nverifying the potential for a discovery of high-grade multi\nmillion-ounce target.\n \n \n \n \n The Providence Group of historical past producing high\ngrade gold mines have remained untouched for over a hundred years and\nour exciting plans for this initial core drill program of 4,000\nmeters, designed to intersect mineralization near surface, between and\nbeneath the numerous past producing mines. The property is easily\naccessed by 4x4 truck from existing logging, farm, and mine access\nroads.\n \n \n \n \n ON BEHALF OF THE BOARD\n \n \n \n \n \"Ronald Coombes\"\n \n \n \n \n Ronald A. Coombes, President &\nCEO\n \n \n \n \n Phone: (604) 724-2369\n \n \n \n \n Email:\n \n \n \n \n [email protected]\n \n \n \n \n \n \n \n \n \n \n \n STAY TUNED! VISIT OUR WEBSITE FOR\nMORE DETAILS\n \n \n \n \n \n \n www.ProvidenceGold.com\n \n \n \n \n \n \n LIKE & FOLLOW\n \n \n @providencegoldmines\n \n \n \n \n \n Instagram\n \n \n \n \n ,\n \n \n ,\n \n \n ,\n \n \n \n \n TikTok\n \n \n \n \n ,\n \n \n ,\n \n \n .\n \n \n \n \n CAUTIONARY STATEMENT REGARDING\nFORWARD-LOOKING INFORMATION\n \n \n \n \n Neither the OTCQB and or the TSX\nVenture Exchange nor its Regulation Services Provider (as that ...