Source: Visionary Gold Corp.
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  • Visionary Gold Corp. (VIZ) has closed the first tranche of its previously announced non-brokered private placement
  • Visionary Gold Corp. issued 27,654,000 units at $0.05 per unit for gross proceeds of up to $1,382,700
  • The company plans to use the net proceeds to fund its 2022 exploration program and for general working capital purposes
  • Visionary Gold Corp is a Vancouver-based mineral exploration company focused on new precious and base metals discoveries in Fremont County, Wyoming
  • Visionary Gold Corp. is unchanged on the day, trading at $0.07 at 3:10 PM ET

Visionary Gold Corp. (VIZ) has closed the first tranche of its previously announced non-brokered private placement.

The company issued 27,654,000 units at $0.05 per unit for gross proceeds of $1,382,700.

Each unit consists of one common share and one half of one common share purchase warrant. Each warrant entitles the holder to acquire one common share at a price of $0.10 for 24 months from the closing date of the offering.

Net proceeds will fund the company’s 2022 exploration program and provide general working capital.

Visionary’s Chief Executive Officer and Director, Wes Adams, subscribed for 7 million units in the first tranche, but he does not represent more than 25 per cent of the company’s market capitalization.

Visionary Gold Corp. (VIZ) is a Vancouver-based mineral exploration company focused on new precious and base metals discoveries in Fremont County, Wyoming.

Visionary Gold Corp. (VIZ) is unchanged on the day, trading at $0.07 at 3:10 PM ET.

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