The Prospector News

GoldON Closes Private Placement Financing

You have opened a direct link to the current edition PDF

Open PDF Close

Share this news article

GoldON Closes Private Placement Financing






GoldON Resources Ltd. (TSX-V:GLD) is pleased to report the closing of its previously announced non-brokered private placement of 1,150,000 flow-through shares at a price of $1.00 per share for gross proceeds of $1,150,000.


The Company will, subject to TSX Venture Exchange acceptance, pay finders’ fee totalling $69,000 and 69,000 warrants exercisable at $1.00 per share until February 19, 2022 in respect of the offering. All securities issued pursuant to this offering are subject to a four-month hold period and may not be traded until at least June 20, 2020, except as permitted by applicable securities legislation and the TSX Venture Exchange.


The Company will use the proceeds of the financing to fund its initial 2020 exploration programs. Analytical results are forthcoming from the recent Slate Falls drilling program and the West Madsen soil-gas-hydrocarbon survey. Once those results are received and interpreted, details of the next phase of work at both projects will be provided.


About GoldON Resources Ltd.


GoldON is an exploration company focused on discovery-stage properties located in the prolific gold mining belts of northwestern Ontario, Canada. Active projects include: the West Madsen property in the Red Lake Gold Camp, an option/JV with Great Bear Resources; the Bruce Lake property that adjoins BTU Metals’ Dixie Halo property and their TNT Target; and our flagship Slate Falls project in the Patricia Mining Division, where 18 Au-Ag mineralized zones have been identified over the 13-km breadth of the property. GoldON has 16,858,432 shares issued.


Posted February 19, 2020

Share this news article


Talisker Closes $9.15 Million Private Placement

Talisker Resources Ltd. (TSX: TSK) (OTCQB: TSKFF) is pleased to a... READ MORE

August 11, 2022

GoGold Releases 2022 Q3 Financial Results

GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) is pleased to an... READ MORE

August 11, 2022

Bunker Hill Discovers High-Grade Silver Mineralization

HIGHLIGHTS New high-grade silver and lead vein system discovered ... READ MORE

August 11, 2022

Goliath Drills 59.1 Meters of Continuous Sulphide Mineralization Confirming a Mineralized Footprint of 5.25 Square Kilometers; System Remains Wide Open in All Directions

Drill Highlights: 100% of all holes completed to date on the Sure... READ MORE

August 11, 2022

Titan Reports Record Production from Empire State Mines on Q2 2022 Results

Titan Mining Corporation (TSX: TI) announces the results for the... READ MORE

August 11, 2022

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2022 The Prospector News