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  • Visionary Gold has closed its non-brokered private placement, issuing 19,750,576 units of the company
  • CEO and Director, Wes Adams, subscribed for 1,250,000 units, which constitutes a related party transaction
  • The company expects to use the gross proceeds of just over $3.5 million for exploration of its Wolf Gold Project and regional land package
  • Visionary Gold remains focused on precious metals discovery and development in the historically productive Lewiston gold district, Fremont County Wyoming
  • Visionary Gold is down 9.3 per cent, trading at $0.20 at 12:30 pm ET

Visionary Gold has closed its non-brokered private placement, issuing 19,750,576 units of the company.

Chief Executive Officer and Director, Wes Adams, subscribed for 1,250,000 units pursuant to the offering, constituting a related party transaction.

Each unit is comprised of one common share and one half of one common share purchase warrant. Each warrant entitles the owner to acquire one common share at a price of C$0.27 for a period of 24 months from the closing date of the offering.

The Vancouver-based mineral exploration company expects to use the gross proceeds of $3,555,103.68 for exploration of its Wolf Gold Project and regional land package.

Visionary Gold remains focused on precious metals discovery and development in the historically productive Lewiston gold district of Fremont County Wyoming in the United States. The Visionary team is a first mover in the area which, despite a strong gold mining history, has never been explored using modern geologic techniques.

Visionary Gold is down 9.3 per cent, trading at $0.20 at 12:30 pm ET.

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