Source: Sylla Gold.
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  • Sylla Gold (SYG) has closed the first tranche of a non-brokered private placement
  • The company issued 3,151,420 units at a price of $0.10 per unit for aggregate gross proceeds of $315,142
  • Each warrant entitles the holder to acquire one common share at a price of $0.15 per common share for a period of two years from the closing of the offering
  • The company intends to use the proceeds from the offering for corporate and general working capital purposes, as well as exploration activities
  • Sylla Gold is an exploration stage company involved in the business of acquiring, exploring and developing mineral properties
  • Sylla Gold Corp. (SYG) last closed at $0.095 per share

Sylla Gold (SYG) has closed the first tranche of a non-brokered private placement.

The company issued 3,151,420 units at a price of $0.10 per unit for aggregate gross proceeds of $315,142.

Each unit is made up of one common share in the capital of the company and one-half of one common share purchase warrant.

Each warrant entitles the holder to acquire one common share at a price of $0.15 per common share for a period of two years from the closing of the offering.

All securities issued regarding the offering are subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

The company intends to use the proceeds from the offering for corporate and general working capital purposes, as well as exploration activities.

The closing of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSXV.

In addition, the company has applied to the TSXV for an extension of its price protection for an additional 30 days in order to complete an additional tranche of the offering.

Sylla Gold is an exploration-stage company involved in the business of acquiring, exploring and developing mineral properties.

Sylla Gold Corp. (SYG) last closed at $0.095 per share.


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