Source: Angold Resources Ltd.
Market Herald logo

Find out more about this capital raise

Be the first with the news that moves the market
  • Angold Resources (AAU) announced a non-brokered private placement for gross proceeds of up to $250,000
  • The company will issue up to 10,000,000 common shares for $0.025 per share
  • Funds raised will be used for general and administrative expenses, exploration and property maintenance
  • Angold Resources is a gold exploration and development company with a portfolio of four projects in Chile, Nevada and Canada
  • Angold Resources Ltd. (AAU) opened trading at C$0.025

Angold Resources (AAU) announced a non-brokered private placement for gross proceeds of up to $250,000.

Under the offering, the company will issue up to 10,000,000 common shares priced at $0.025 per share.

All securities issued will be subject to a statutory four-month hold period.

The proceeds from the offering will be used for financing existing operations and future geological work on the company’s projects. One-half of the funds raised are expected to be used for general and administrative expenses, with the balance to be used for exploration and property maintenance.

Angold is an exploration and development company targeting large-scale mineral systems in proven gold districts in Chile, Nevada, Oregon and Ontario.

Angold Resources Ltd. (AAU) opened trading at C$0.025.


More From The Market Herald

" Albemarle (NYSE:AB) gears up to invest US$1 billion in lithium plant

Albemarle (ALB) is gearing up to spend a significant amount of money as electric vehicle (EV) battery demand continues to accelerate.

" Silvercorp Metals Inc. Outperformed Peers in Q4 and Looking Strong for 2023

By Dr. Ryan D. Long

" NEO Battery Materials (TSXV:NBM) advances construction at South Korean commercial plant

Neo Battery Materials (NMO) advances construction at its South Korean commercial plant.

" Novo Resources (TSX:NVO) begins drilling at high-grade gold Catia prospect

Novo Resources (NVO) has begun drilling at the high-grade gold Catia prospect at its Bellary Dome Project in Australia.