P2 Gold Inc. (TSX-V:PGLD) reports it has upsized the non-brokered flow-through private placement (see P2’s news releases dated September 15 and 17, 2021) from 2,500,000 flow-through common shares to 2,520,000 flow-through common shares and closed the Private Placement for gross proceeds of $1.26 million.

The gross proceeds of the Private Placement will be used to fund exploration expenditures on the BAM Property and for other Canadian Exploration Expenses that will qualify as “flow through mining expenditures” as defined in subsection 127(9) of the Income Tax Act (Canada), and “BC flow-through mining expenditures”, as defined in the Income Tax Act (British Columbia).

All securities issued pursuant to the Private Placement are subject to a four-month hold period. In connection with the Private Placement, the Company paid finder’s fees of an aggregate of $12,500 to an arm’s length finder, representing 5% of the proceeds raised from subscriptions by a certain placee. The securities offered pursuant to the Private Placement have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act.

About P2 Gold Inc.

P2 is a mineral exploration and development company focused on advancing precious metals and copper discoveries and acquisitions in the western United States and British Columbia.