Business
Resouro Announces Brokered Private Placement for Gross Proceeds of up to $1.25 Million
Toronto, Ontario--(Newsfile Corp. - May 23, 2023) - Resouro Gold Inc. (TSXV: RAU) (" Resouro " ...
About this update from Resouro Strategic Metals Inc
[{"type":"text","content":"Resouro Announces Brokered Private Placement for Gross Proceeds of up to $1.25 MillionToronto, Ontario--(Newsfile Corp. - May 23, 2023) - Resouro Gold Inc. (TSXV: RAU) (\"Resouro\" or the \"Company\") is pleased to announce that the Company has entered into an agreement with Sydney, Australia based Taylor Collison Limited. (the \"Agent\") to act as a sole agent and bookrunner in connection with a \"best effort\", private placement (the \"Marketed Offering\") for gross proceeds of up to C$1,250,000 from the sale of up to 8,333,333 shares at a price of $0.15 per share (the \"Offering Price\").The net proceeds from the Private Placement will be used to advance exploration on the Company's Tiros Titanium-REE Project and Novo Mundo Gold Project in Brazil and for general working capital purposes.In accordance with applicable Canadian securities laws, all securities issued pursuant to the private placement will be legended with a hold period of four months and one day from the date of issuance. Completion of the Private Placement remains subject to the receipt of all necessary regulatory approvals, including approval of the Toronto Venture Stock Exchange (the \"TSXV\").The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This news release does not constitute an offer for sale of securities in the United States.About Resouro Gold Inc.Resouro is a Canadian-based mineral exploration and development company focused on the discovery and advancement of economic mineral projects in Brazil, including the Novo Mundo Gold Project in Mato Grosso and the Tiros Titanium-REE Project in Minas Gerais. Learn more about the Company on its website: https://resouro.com.On behalf of the Board of Directors,Chris Eager, President & CEORESOURO GOLD INC.For further information, please contact the Company at: Chris Eager, [email protected] For Investor [email protected] news release contains certain \"forward-looking information\" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as \"plan\", \"expect\", \"proj...