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Source: Gold Bull Resources Corp.
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  • Gold Bull Resources (GBRC) has closed its non-brokered private placement, raising gross proceeds of C$6,140,500
  • The company issued a total of 30,702,500 units at a price of $0.20 per unit
  • Proceeds will be used for continued exploration and general working capital
  • Gold Bull Resources is a gold focused mineral exploration company
  • Gold Bull Resources Corp. (GBRC) opened trading at C$0.20 per share

Gold Bull Resources (GBRC) has closed its previously announced non-brokered private placement, raising gross proceeds of C$6,140,500.

The company issued a total of 30,702,500 units at a price of $0.20 per unit. Each unit consists of one common share and one-half common share purchase warrant. Each whole warrant can be exercised to acquire an additional common share at $0.30 for a period of two years from the date of closing of the offering.

Units issued under the private placement will have a hold period of four months and one day.

Finder’s fees totalling $140,760 in cash and 688,800 in compensation options were issued. 

Proceeds will be used for continued exploration and general working capital.

Gold Bull Resources is a gold-focused mineral exploration company. The company’s core asset is the Sandman Project, located in Nevada.

Gold Bull Resources Corp. (GBRC) opened trading at C$0.20 per share.

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