Source: Winshear Gold.
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  • Winshear Gold (WINS) has announced a C$500,000 non-brokered private placement
  • The company is focused on advancing its Gaban Gold Project to a 2022 initial drilling program in southeastern Peru
  • It will use financing proceeds for exploration, corporate development and general working capital while the permitting process for drilling at Gaban is completed
  • Winshear Gold is a mineral development company focused on projects in Peru
  • Winshear Gold (WINS) is down by 16.67 per cent and is currently trading at $0.10 per share

Winshear Gold (WINS) has announced a C$500,000 non-brokered private placement.

The company will offer 5,000,000 units priced at $0.10 per unit.

Each unit comprises one Winshear common share and one-half of one common share purchase warrant.

Each warrant allows the holder to purchase one Winshear common share for $0.20 for 36 months from the closing of the financing.

The company is focused on advancing its Gaban Gold Project to a 2022 initial drilling program in southeastern Peru. It will use financing proceeds for exploration, corporate development and general working capital while the permitting process for drilling at Gaban is completed.

Winshear Gold is a mineral development company focused on projects in Peru. The company has also submitted its memorial of an arbitration claim for $124.8 million against the Tanzanian government to recover its investment in the SMP Gold Project.

Winshear Gold (WINS) is down by 16.67 per cent and is currently trading at $0.10 per share as of 12:49 pm ET.

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