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Source: P2 Gold Inc.
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  • P2 Gold (PGLD) has announced a C$0.5 million non-brokered private placement
  • It will use the proceeds to fund exploration expenditures on its BAM Property
  • The private placement is open to accredited investors across Canada
  • P2 Gold is focused on precious metals and copper projects in the western United States and British Columbia
  • P2 Gold (PGLD) is down by 5.68 per cent and is currently trading at $0.415 per share

P2 Gold (PGLD) has announced a C$0.5 million non-brokered private placement.

The company will offer up to 1,000,000 flow-through common shares for $0.50 per share.

The private placement is open to accredited investors across Canada pursuant to applicable securities laws.

P2 will use the proceeds to fund exploration expenditures on its BAM Property in addition to flow-through mining expenditures as defined in the income tax acts of Canada and British Columbia.

The BAM Property consists of ten mineral tenures covering 8,100 hectares approximately 150 km northwest of Stewart, B.C.

In 2020, P2 completed a soil geochemical sampling program that defined a sinuous gold anomaly measuring approximately 3.6 km originating at the newly-defined Monarch Gold Zone.  The zone produced 16 samples assaying greater than 0.50 g/t gold with the highest sample assaying 5.73 g/t gold.

P2 Gold is a mineral exploration and development company focused on precious metals and copper in the western United States and British Columbia.

P2 Gold (PGLD) is down by 5.68 per cent and is currently trading at $0.415 per share as of 1:16 pm ET.

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