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  • G2 Goldfields (GTWO) has completed the first tranche of the non-brokered private placement for gross proceeds of $11,840,040.60
  • The first tranche of the offering consisted of 19,733,401 common shares for $0.60 per share
  • The company plans to use the proceeds from the offering to advance exploration activities at its 19,200-acre OKO project, Guyana and for general corporate purposes
  • The second tranche of the offering is expected to close next week
  • G2 Goldfields Inc. is a Canada-based company engaged in the business of acquiring and exploring mineral properties
  • G2 Goldfields Inc. is up 5.455 per cent, trading at $0.58 per share at 10:24 AM ET

G2 Goldfields (GTWO) has completed the first tranche of an upsized, non-brokered private placement for gross proceeds of $11,840,040.60.

The first tranche of the offering consisted of 19,733,401 common shares for $0.60 per share.

The company plans to use the proceeds from the offering to advance exploration activities at its 19,200-acre OKO project, Guyana and for general corporate purposes.

The second tranche of the offering is expected to close next week.

The offering is conditional on the satisfaction of customary conditions, including approval of the TSX Venture Exchange.

G2 recently announced its maiden mineral resource estimate on the newly discovered OkO property in Guyana.

The OkO district has been a prolific alluvial goldfield since its initial discovery in the 1870’s, and modern exploration techniques continue to reveal the considerable potential of the district.

G2 Goldfields Inc is a Canada-based company engaged in the business of acquiring and exploring mineral properties.

G2 Goldfields Inc. is up 5.455 per cent, trading at $0.58 per share at 10:24 AM ET.

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