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Source: Provenance Gold Corp.
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  • Provenance Gold (PAU) has closed its private placement for gross proceeds of $1,556,619.87
  • The company issued 11,973,999 units priced at C$0.13 per unit
  • Provenance has completed 32 holes in a continuing exploration program at the White Rock gold project
  • Proceeds of the placement will go towards the completion of the White Rock drill program, in addition to funding an upcoming drill program planned at its Mineral Hill property
  • Provenance Gold is a precious metals exploration company with a focus on gold and silver resources within North America
  • Provenance Gold Corp. (PAU) is down 3.33 per cent, trading at C$0.145 per share at 2 pm ET

Provenance Gold (PAU) has closed its private placement for gross proceeds of $1,556,619.87.

The company issued 11,973,999 units priced at C$0.13 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of $0.20 until October 22, 2024.

Provenance has completed 32 holes in a continuing exploration program at the White Rock gold project with many assays still pending. Along with the historic drilling of 67 holes, the company believes that there could be an extensive open-pit grade gold deposit.

Proceeds of the placement will go towards the completion of the White Rock drill program, in addition to funding an upcoming drill program planned at its Mineral Hill property, and general working capital.

All securities issued are subject to a hold period until February 23, 2021. There were no finders’ fees paid in connection with this placement.

Provenance Gold is a precious metals exploration company with a focus on gold and silver resources within North America.

Provenance Gold Corp. (PAU) is down 3.33 per cent, trading at C$0.145 per share at 2 pm ET.

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