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  • Advance Gold (AAX) has filed documents with the TSX Venture Exchange to close its private placement financing
  • The company will issue 3,333,333 units, each consisting of 1 common share and 1 common share purchase warrant
  • Proceeds from the financing will be used to advance the Lithium project and for general corporate purposes
  • Finders’ fees have been paid in the amount of 8 per cent cash and 8 per cent broker’s warrants
  • Advance Gold is a junior exploration company focused on acquiring and exploring mineral properties
  • Advance Gold Corp. (AAX) is unchanged, trading at C$0.065 per share at 3 pm ET

Advance Gold (AAX) has filed documents with the TSX Venture Exchange to close its private placement financing.

Subject to the receipt of all regulatory approvals, the company will issue 3,333,333 units, each consisting of 1 common share and 1 common share purchase warrant.

Warrants are exercisable at $0.075 each for 24 months, expiring June 17, 2023, for gross proceeds of $200,000.

Proceeds from the financing will be used to advance the Lithium project and for general corporate purposes.

All securities issued will be subject to a 4 month plus 1-day hold.

Finders’ fees have been paid to certain finders in the amount of 8 per cent cash and 8 per cent broker’s warrants. Each broker’s warrant is exercisable for one common share at $0.075, expiring June 17, 2023.

Advance Gold is a junior exploration company focused on acquiring and exploring mineral properties containing precious metals, battery metals and fertilizer minerals. The company acquired a 100-per-cent interest in the Tabasquena silver mine in Zacatecas, Mexico, in 2017, and the Venaditas project, also in Zacatecas state, in April 2018.

Advance Gold Corp. (AAX) is unchanged, trading at C$0.065 per share at 3 pm ET.

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