Source: Big Ridge Gold.
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  • Big Ridge Gold (BRAU) has announced a non-brokered private placement for gross proceeds of $2,000,000
  • The company will issue 10,000,000 flow-through units priced at $0.20 per unit
  • Proceeds will be used for resource expansion drilling at the Hope Brook Gold Project
  • Big Ridge Gold is a mineral exploration and development company with projects in Manitoba, Quebec and Newfoundland and Labrador
  • Big Ridge (BRAU) opened trading at C$0.18

Big Ridge Gold (BRAU) has announced a non-brokered private placement for gross proceeds of $2,000,000.

The company will issue 10,000,000 flow-through units priced at $0.20 per unit. Each FT unit will consist of one flow-through common share and one half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional share for 24 months following the closing of the offering.

Proceeds will be used for resource expansion drilling at the Hope Brook Gold Project.

The offering is expected to close on or about July 22, 2022 and is subject to receipt of all necessary regulatory approvals.

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

The company intends to apply for TSXV approval for an aggregate offering of up to approximately 11,060,000 units in the event that First Mining Gold elects to exercise its right to maintain its 10.6 per cent ownership percentage in Big Ridge.

Big Ridge Gold is a mineral exploration and development company with projects in Manitoba, Quebec and Newfoundland and Labrador.

Big Ridge (BRAU) opened trading at C$0.18.

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