The Prospector News

U.S. Gold Corp. Closes $10.2 Million Non-Brokered Registered Direct Offering

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

U.S. Gold Corp. Closes $10.2 Million Non-Brokered Registered Direct Offering

 

 

 

 

 

U.S. Gold Corp. (NASDAQ: USAU), is pleased to announce that it has closed the previously announced purchase and sale of an aggregate of 1,457,700 shares of our common stock at $7.00 per share and warrants to purchase 728,850 shares of our common stock at an exercise price of $9.50 per share, in a registered direct offering. The aggregate gross proceeds from the Transaction totaled approximately $10.2 million and closed on December 6, 2024. After the close of the Transaction, the Company’s common shares outstanding is 12,323,116.

 

The Company did not retain a placement agent in connection with the Transaction.

 

U.S. Gold intends to use the net proceeds from the Transaction for working capital and other general corporate purposes.

 

About U.S. Gold Corp.

 

U.S. Gold Corp. is a publicly traded, U.S. focused gold and copper exploration and development company.  Its fully permitted CK Gold Project is located in Southeast Wyoming and has a Preliminary Feasibility Study technical report, which was completed by Gustavson Associates, LLC.  In addition, the Company has two exploration projects:  Keystone Gold located on the Cortez Trend in Nevada about 11 miles south of Nevada Gold Mines’ Cortez Hills Complex, and Challis Gold located in Idaho.

 

Posted December 9, 2024

Share this news article

MORE or "UNCATEGORIZED"


Brazil Potash Presells 91% of Future Production, Catalyzing Construction Financing Phase

Final critical mineral offtake agreement with Kimia Solutions key... READ MORE

October 28, 2025

Midnight Sun Closes Oversubscribed C$30,475,575 "Bought Deal" LIFE Offering

Midnight Sun Mining Corp. (TSX-V: MMA) (OTCQX: MDNGF) is pleased ... READ MORE

October 28, 2025

AbraSilver Drilling at Diablillos Intersects 8.5 Metres at 13.81 g/t Gold at Oculto East

Separate Hole Intersects Broad Zone of 180 m Grading 0.65 g/t Gol... READ MORE

October 28, 2025

Koryx Copper Announces Further Positive Drill Results at the Haib Copper Project, Southern Namibia

Highlights  • Assays reported for a further 17 drill holes for... READ MORE

October 28, 2025

Scottie Resources Announces Impressive Economics in Preliminary Economic Assessment for Scottie Gold Mine Project

Scottie Resources Corp. (TSX-V: SCOT) (OTCQB: SCTSF) (FSE: SR80) ... READ MORE

October 28, 2025

Copyright 2025 The Prospector News