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Providence Gold Mines Inc. Announces Financing Update on the La Dama de Oro Gold Property
(TheNewswire) VANCOUVER – September 12, 2025 – TheNewswire - Providen...
About this update from Providence Gold Mines Inc
[{"type":"text","content":"Providence Gold Mines Inc. Announces Financing Update on the La Dama de Oro Gold Property \n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n VANCOUVER – September 12, 2025 –\n \n\n TheNewswire -\n \n\n Providence Gold Mines Inc.\n \n\n (“Providence” or the “Company”)\n \n\n is pleased to announce a non brokered Unit Private Placement Financing\nof up to $250,000 through the issuance of 5,000,000 units oof the\nCompany (each a “Unit”) the (“Private Placement”). Each Unit\nwill consist of one Common Share and one full Warrant exercisable for\na period of two years. The Unit is priced at $0.05 for one Common\nShare in the Capital of the Company (a “Common Share”) and one\nnontransferable full Warrant. Each nontransferable Warrant will\nentitle the holder to purchase one additional Common Share at a price\nof $0.05 for a period of 24 months from the date of closing of the\nPrivate Placement will be subject to the approval of the TSXV.\n \n\n\n\n All securities issued with respect to the Private\nPlacement will be subject to a four month plus one day hold period\nfrom the date of issuance in accordance with applicable securities\nlaws. Closing of the Private Placement is subject to all necessary\nregulatory approvals. The Company intends to issue the Units pursuant\nto the prospectus exemptions set out in National Instrument 45-106-\nProspectus Exemptions including the accredited investor exemption and\nfamily, friends, and business associates’ exemption.\n \n\n\n\n The Company intends to use funds from the net proceeds\nfor Regulatory Fees, sampling and evaluation of the existing potential\nunderground mineralization at the La Dama De Oro\n \n\n , historical “Ace in the Hole\nstope”\n \n\n , located near surface, geochemical\nsurface survey and administration\n \n\n\n\n As reported previously, an NI 43 101 has been submitted\nto the TMX V Exchange for review and approval., The Regulators initial\nreview determined that the submission would be treated as a\nFundamental Transaction requiring additional information and the\nCompany is responding accordingly.\n \n\n\n\n Property Summary:\n \n\n\n\n Permits for a Bulk Sample, Water,\nRoad Access, Environmental, Plan of Operation, Mill Site ...