- Gold’n Futures (FUTR) has closed the final tranche of its brokered private placement for gross proceeds of C$2,753,028
- Canaccord Genuity Corp. exercised the agent’s over-allotment option
- The company paid a cash commission equal to 7.0 per cent to the agent
- Gold’n Futures Mineral Corp. is a Canadian-based exploration company focused on advancing its Hercules Gold Project
- Gold’n Futures Mineral Corp. (FUTR) is down 11.11 per cent, trading at C$0.08 per share at 3:40 pm ET
Gold’n Futures (FUTR) has closed the final tranche of its brokered private placement.
The company realized total aggregate gross proceeds of C$2,753,028. Canaccord Genuity Corp. exercised the agent’s over-allotment option, expanding the offering from the previously contemplated C$2,500,000 maximum.
Each unit and FT unit is comprised of one common share and one share purchase warrant.
Each warrant is exercisable to acquire one share at a price of C$0.12 for a period of 24 months.
Stephen Wilkinson, CEO of Gold’n Futures, commented on the placement.
“The closing of this private placement marks to beginning of an exciting period for Gold’n Futures. Our first field crew has arrived at the Hercules Project and has begun the first stage of the field program. Over the coming weeks, the company will be ramping up its activities with diamond drilling to commence next month once the permit is in hand.”
The company paid a cash commission equal to 7.0 per cent of the aggregate gross proceeds and issued an aggregate of 2,159,727 non-transferable broker warrants to the agent.
Net proceeds from the sale of FT units to incur “Canadian exploration expenses” that are “flow-through mining expenditures” on the Company’s Hercules Gold Property in Ontario and the Brady Gold Property in Newfoundland. The net proceeds from the sale of the units will be used for general corporate purposes.
Gold’n Futures Mineral Corp. is a Canadian-based exploration company focused on advancing its Hercules Gold Project.
Gold’n Futures Mineral Corp. (FUTR) is down 11.11 per cent, trading at C$0.08 per share at 3:40 pm ET.
