- Resouro Gold (RAU) has announced a private placement for gross proceeds of up to $1,250,000
- Resouro plans to use the net proceeds to advance exploration on its Tiros Titanium-REE Project and Novo Mundo Gold Project in Brazil
- Resouro (TSXV:RAU) is a Canadian-based mineral exploration and development company
- Resouro Gold Inc. (TSXV:RAU) opened trading at C$0.15 per share
Resouro Gold (RAU) has announced a private placement for gross proceeds of up to $1,250,000.
The company plans to sell up to 8,333,333 shares at $0.15 per share. Sydney, Australia based Taylor Collison Limited will act as a sole agent and bookrunner in connection with this “best effort”, private placement.
Resouro plans to use the net proceeds to advance exploration on its Tiros Titanium-REE Project and Novo Mundo Gold Project in Brazil and for general working capital purposes.
All securities issued will be subject to a statutory hold period of four months. Completion of the private placement remains subject to the receipt of all necessary regulatory approvals.
About the company
Resouro is a Canadian-based mineral exploration and development company. It focuses on the discovery and advancement of economic mineral projects in Brazil, including the Novo Mundo Gold Project in Mato Grosso and the Tiros Titanium-REE Project in Minas Gerais.
Resouro Gold Inc. (TSXV:RAU) opened trading at C$0.15 per share.
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