Source: Stone Gold Inc.
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  • Stone Gold (STG) has announced a non-brokered private placement for proceeds of up to $300,000
  • The company will issue 1.5 million units priced at C$0.20 per unit
  • The proceeds will be primarily used to fund exploration activities at the company’s properties
  • Stone Gold is engaged in the mining of precious and base metals
  • Stone Gold Inc. (STG) is unchanged on the day, trading at C$0.18 per share at 1:30 pm ET

Stone Gold (STG) has announced a non-brokered private placement for proceeds of up to $300,000.

The company will issue 1.5 million units priced at C$0.20 per unit. Each unit will include on common share and one-half of one share purchase warrant. Each whole purchase warrant can be exercised to acquire one additional common share for a period of twenty-four months following the closing of the offering.

The proceeds will be primarily used to fund exploration activities at the company’s properties, as well as for general working capital purposes.

The securities issued will be subject to a statutory four-month hold period.

Stone Gold is engaged in the mining of precious and base metals.

Stone Gold Inc. (STG) is unchanged on the day, trading at C$0.18 per share at 1:30 pm ET.

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