Source: Madison Metals.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Madison Metals (GREN) has closed its non-brokered private placement for gross proceeds of C$959,398
  • It intends to use the funds for general working capital and exploration of its Rössing North Uranium Project in Namibia
  • CEO Duane Parnham participated in the placement in the amount of $99,999.80
  • Madison Metals is a mineral exploration and development company focused on uranium
  • Madison Metals (GREN) is unchanged trading at $0.50 per share

Madison Metals (GREN) has closed its non-brokered private placement for gross proceeds of C$959,398.

The company issued 1,598,996 units priced at $0.60.

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

Each warrant is exercisable into one common share priced at $0.90 for two years from the date of issuance.

Madison intends to use the funds for general working capital and exploration of its Rössing North Uranium Project in Namibia.

The participation by CEO Duane Parnham in the amount of $99,999.80 constitutes a related party transaction pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions.

Madison Metals is a mineral exploration and development company focused on uranium.

Madison Metals (GREN) is unchanged trading at $0.50 per share as of 2:23 pm EST.


More From The Market Herald

" Victoria Gold (TSXV:GCX) reports Q2 2022 results

Victoria Gold (GCX) released its Q2 2022 results, mostly stemming from its Eagle Gold Mine in Yukon.

" Sandstorm Gold receives court approval for Nomad Royalty (TSX:NSR) acquisition

Nomad Royalty Company (NSR) announced that the Superior Court of Québec has issued a final order approving its acquisition by Sandstorm Gold Ltd.
Grizzly Discoveries Inc. - President & CEO, Brian Testo

" Grizzly (TSXV:GZD) to begin drilling targets

Grizzly Discoveries Inc. (GZD) has announced plans to begin drilling on the Greenwood Project before the end of this month.

" Winshear Gold (TSXV:WINS) upsizes private placement

Winshear Gold (WINS) has increased its previously announced non-brokered private placement financing to $650,000.