- Contact Gold Corp. (C) has raised $1,000,000 from a non-brokered private placement
- The company issued 50,000,000 units priced at $0.02 per unit
- The net proceeds will be used to fund the continued exploration of Contact Gold’s Pony Creek gold project in Nevada
- Contact Gold is an exploration company focused on making district-scale gold discoveries in Nevada
- Contact Gold Corp. (C) opened trading at C$0.02 per share
Contact Gold Corp. (C) has raised $1,000,000 from a non-brokered private placement.
The offering consisted of 50,000,000 units priced at $0.02 per unit. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase an additional common share at a price of $0.05 per share for three years from the closing date of the offering.
The net proceeds will be used to fund the continued exploration of Contact Gold’s Pony Creek gold project in Nevada.
President & CEO Matt Lennox-King, Chairman John Dorward, and CFO John Wenger collectively acquired 14,000,000 units.
The company paid finder’s fees totalling $42,300 in cash and issued 2,115,000 broker warrants to eligible finders.
About Contact Gold Corp.
Contact Gold is an exploration company focused on making district-scale gold discoveries in Nevada.
Contact Gold Corp. (C) opened trading at C$0.02.
