Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Ridgeline Minerals (RDG) has closed its non-brokered private placement for gross proceeds of $2,546,500
  • The company issued 12,732,500 units at $0.20 per unit
  • The proceeds will be used to fund exploration programs and for general working capital
  • Ridgeline Minerals is a gold-silver explorer with five projects in Nevada and Idaho
  • Ridgeline Minerals Corp. (RDG) opened trading at C$0.21

Ridgeline Minerals (RDG) has closed its previously announced non-brokered private placement for gross proceeds of $2,546,500.

The company issued 12,732,500 units at $0.20 per unit. Each unit consists of one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share until September 29, 2024.

The proceeds from the offering will be used to fund the company’s exploration programs and for general working capital. Ridgeline has paid total finders’ fees of $45,900 in cash.

All securities issued will be subject to a statutory hold period expiring on January 30, 2023.

Ridgeline Minerals is a gold-silver explorer with an exploration portfolio of five projects in Nevada and Idaho.

Ridgeline Minerals Corp. (RDG) opened trading at C$0.21.


More From The Market Herald

" Prime Meridian (TSXV:PMR) announces $1M financing

Prime Meridian Resources Corp. (PMR) has signed a non-brokered private placement financing agreement for proceeds of up to $1 million.

" Fortune Bay (TSXV:FOR) files Goldfields PEA

Fortune Bay (FOR) has filed an independent preliminary economic assessment (PEA) for its Goldfields Project in Saskatchewan.

" Emperor Metals (CSE:AUOZ) announces $5M private placement

Emperor Metals (AUOZ) has announced a non-brokered private placement for gross proceeds of up to $5,001,550.
Emerita Resources Corp. - CEO, David Gower

" Emerita (TSXV:EMO) announces Aznalcóllar trial date

Emerita Resources (EMO) announced the Third Section of the Provincial Court of Seville has set the date court date regarding the Aznalcóllar package.