The Prospector News

Provenance Gold Closes Over-Subscribed Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Provenance Gold Closes Over-Subscribed Private Placement

 

 

 

 

 

Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) is pleased to announce that it has closed the final tranche of its previously announced non-brokered private placement for gross proceeds of $1,466,500. The Company received strong interest in the Final Tranche of the Offering, and ultimately it was over-subscribed.

 

Upon closing of the Final Tranche, the Company issued 18,331,250 units at a price of $0.08 per Unit. Each Unit consists of one common share of the Company and one share purchase warrant, with each Warrant entitling the holder to purchase one additional share at a price of $0.12 until October 9, 2027.

 

In connection with closing of the Final Tranche, the Company paid $12,810 and issued 160,125 Warrants to certain arms-length brokerage firms that assisted in introducing subscribers to the Offering. The Company confirmed to the Canadian Securities Exchange there was no undisclosed material information and received confidential price protection in a filing submitted on September 20, 2024. The Company did not consider the information contained in the news release issued on September 25, 2024 to be material. The Final Tranche did not include any participation by insiders of the Company. All securities issued in connection with the Final Tranche are subject to restrictions on resale until February 10, 2025, in accordance with applicable securities laws.

 

“With our projects continuing to advance, our goal as a Company was to extend our reach into the investment community and in particular to align ourselves with strategic investors that share our vision for the long-term viability of our projects. We believe the strategic investors we have brought into this round will be critical to helping us achieve our vision of fast-tracking our gold exploration projects, which benefit from stable jurisdictions with established infrastructure and accessibility. We would like to thank our current shareholders for their continued support and welcome our new investors,” Rauno Perttu, Provenance’s CEO stated.

 

About Provenance Gold Corp.

 

Provenance Gold Corp. is a precious metals exploration company with a focus on gold and silver mineralization within North America. The Company currently holds interests in eastern Oregon, and Nevada, USA.

 

Posted October 11, 2024

Share this news article

MORE or "UNCATEGORIZED"


Leviathan Metals Announces Closing of $10 Million LIFE Offering

Leviathan Metals Corp. (TSX-V: LVX) (OTCQB: LVXFF) (FSE: 0GP) is pleased to announce that it has clo... READ MORE

May 20, 2026

Orezone Reports First Set Of Drill Results From Casa Berardi Mine Including16.10g/T Au Over 6.7m And 6.47g/T Au Over 21.5m

Orezone Gold Corporation (TSX: ORE) (ASX: ORE) (OTCQX: ORZCF) is pleased to announce the first set o... READ MORE

May 20, 2026

Valhalla Metals Announces Closing of First Tranche of Over-Subscribed Private Placement

Valhalla Metals Inc. (TSX-V: VMXX) (OTCQB: VMXXF) is pleased to announce that the Company has comple... READ MORE

May 20, 2026

Azimut Continues to Expand the Fortin Antimony-Gold Zone, Wabamisk Property, James Bay Region, Québec

Azimut Exploration Inc. (TSX-V: AZM) (OTCQX: AZMTF) is pleased to report the complete results of it... READ MORE

May 20, 2026

DPM Metals Reports New High-Grade Intercepts from the Chelopech Wedge Zone Deep Prospect; Expects Mineral Resource Estimate by Year-End 2026

DPM Metals Inc. (TSX: DPM) (ASX: DPM) is pleased to report results from delineation drilling at the ... READ MORE

May 20, 2026

Copyright 2026 The Prospector News