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  • Getchell Gold (GTCH) has closed an oversubscribed non-brokered private placement in preparation for its 2021 drill campaign
  • Getchell issued 6,022,500 units at C$0.45 per unit for aggregate gross proceeds of $2,710,125
  • The company will direct the majority of the funds toward its forthcoming drill programs at the Star and Fondaway Canyon projects
  • The technical team is making final preparations and is planning to mobilize on the week of May 24, 2021
  • Getchell Gold is a gold and copper exploration company focused on projects in Nevada
  • Getchell Gold (GTCH) is up by 3.85 per cent and is currently trading at $0.54 per share

Getchell Gold (GTCH) has closed an oversubscribed non-brokered private placement in preparation for its 2021 drill campaign.

The company issued 6,022,500 units at C$0.45 per unit for aggregate gross proceeds of $2,710,125.

The private placement was oversubscribed by $1.1 million.

Each unit consists of one Getchell Gold common share and one-half of one warrant.

Each warrant entitles the holder to acquire one additional common share for $0.65 for a period of two years from the date of closing.

Getchell will use the proceeds for general working capital and to further explore and develop its properties in Nevada.

The company will direct the majority of the funds toward its forthcoming drill programs at the Fondaway Canyon Gold and the Star Copper-Gold-Silver projects. The technical team is making final preparations and is planning to mobilize on the week of May 24, 2021.

Getchell Gold is a gold and copper exploration company focused on projects in Nevada.

Getchell Gold (GTCH) is up by 3.85 per cent and is currently trading at $0.54 per share as of 10:54 am ET.

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