Source: P2 Gold Inc.
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  • P2 Gold (PGLD) has closed its previously announced non-brokered private placement of flow-through units and non-flow-through units for gross proceeds of $3.25 million
  • The company issued 5,231,667 flow-through-units and 225,000 non-flow-through units
  • The gross proceeds of the FT offering will be used to fund exploration on the BAM Property  in B.C.
  • The proceeds of the NFT offering will be used for general corporate purposes
  • P2 is a mineral exploration and development company
  • P2 Gold Inc. (PGLD) opened trading at C$0.415

P2 Gold (PGLD) has closed a non-brokered private placement of flow-through units and non-flow-through units for gross proceeds of approximately $3.25 million.

The company issued 5,231,667 flow-through-units for gross proceeds of $3.14 million and 225,000 non-flow-through units for gross proceeds of $112,500.

Each FT unit consists of one flow-through common share and one non-flow-through common share purchase warrant. Each FT warrant entitles the holder to purchase one additional non-flow-through common share for a period of two years.

The gross proceeds of the FT offering will be used to fund exploration on the BAM Property  in B.C.

Each NFT unit consists of one non-flow-through common share and one non-flow-through common share purchase warrant. Each NFT warrant entitles the holder to purchase one additional non-flow-through common share for a period of two years.

The proceeds of the NFT offering will be used for general corporate purposes.

P2 Gold paid finder’s fees totalling $154,980 and issued 258,300 warrants to arm’s length finders.

All securities issued will be subject to a statutory hold period expiring on October 31, 2022.

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

P2 Gold Inc. (PGLD) opened trading at C$0.415.

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