- Exploits Discovery Corp. (NFLD) has closed a non-brokered private placement for gross proceeds of $1,500,399
- The company issued 8,335,550 flow-through common shares for $0.18 per share
- Exploits is a Canadian mineral exploration company focused on acquiring and developing mineral projects in Newfoundland and Labrador
- Exploits Discovery Corp. (NFLD) opened trading at C$0.15
Exploits Discovery Corp. (NFLD) has closed its previously announced non-brokered private placement for gross proceeds of $1,500,399.
The company issued 8,335,550 flow-through common shares for $0.18 per share.
Gross proceeds will be used to incur eligible “Canadian exploration expenses” related to the company’s mining projects.
All securities issued are subject to a statutory four-month hold period.
President and CEO Jeff Swinoga commented on the capital raise.
“We are well funded and eager to commence our 2022 drilling program under our new Exploration 2.0 methodology and continuing the vital exploration work to advance our key gold projects. We look forward to an exciting second half of 2022 as we continue to explore our large land package with the goal of becoming the next major exploration success in the Exploits Subzone, Central Newfoundland.”
Exploits is a Canadian mineral exploration company focused on acquiring and developing mineral projects in Newfoundland and Labrador. The company is actively exploring the Dog Bay Central, Titan, Gazeebow, Mt. Peyton, Jonathan’s Pond, True Grit, Great Bend and Middle Ridge projects.
Exploits Discovery Corp.(NFLD) opened trading at C$0.15.
