Go Metals - CEO, Scott Sheldon.
CEO, Scott Sheldon.
Source: Go Metals.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Go Metals (GOCO) has closed a non brokered private placement for gross proceeds of $1,587,500
  • The company issued 12,700,000 units at a price of $0.125 per unit and 100,000 flow-through shares at a price of $0.16 per FT share
  • Net proceeds will be used to fund exploration expenditures on the HSP property and for general working capital
  • Go Metals targets Canadian metal projects to help meet the demand for a resource-powered future
  • Go Metals (GOCO) opened trading at C$0.30 per share

Go Metals (GOCO) has closed a non brokered private placement for gross proceeds of $1,587,500.

The company issued 12,700,000 units at a price of $0.125 per unit and 100,000 flow-through shares at a price of $0.16 per FT share.

Each unit includes one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one additional share at a price of $0.25 for a period of 24 months.

“The financing lets the company commit to an aggressive drill program at the 100 per cent owned HSP nickel-copper sulphide project in Quebec,” says Scott Sheldon, President of Go Metals.

Finder’s fees consisting of cash and warrants have been paid to qualified parties.

Net proceeds will be used to fund exploration expenditures on the HSP property and for general working capital.

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

Go Metals targets Canadian metal projects to help meet the demand for a resource-powered future.

Go Metals (GOCO) opened trading at C$0.30 per share.

More From The Market Herald
Superior Gold - Director, Michael Pesner.

" Superior Gold (TSXV:SGI) nominates new director

Superior Gold (SGI) has filed a management information circular for its annual general meeting.

" Sulliden Mining Capital (TSX:SMC) acquires securities of Xander Resources

Sulliden Mining Capital (SMC) acquired 7,142,857 units of Xander Resources in a private placement.

" Eastern Platinum (TSX:ELR) updates technical report on Crocodile River Mine

Eastern Platinum Limited (ELR) has filed a Technical Report on the Crocodile River Mine (CRM), North West Province in South Africa.