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Metal & Mining Stocks
Big Gold Inc. (CSE: BG) Closes Private Placement Offering for $25,000
Image source: Company update
Highlights
Big Gold Inc. (CSE: BG) has successfully closed a non-brokered private placement offering, raising gross proceeds of $25,000. The company issued a total of 1,000,000 units at a price of $0.025 per unit. Each unit consists of one common share and one-half of a non-transferable purchase warrant. The warrant allows the holder to purchase one additional common share at a price of $0.05 for a period of 18 months from the closing date of the offering.
The net proceeds raised from the offering will be allocated to working capital purposes, which will assist in funding the company’s ongoing operations. In line with Canadian securities regulations, all securities issued in connection with this private placement will be subject to a hold period of four months and one day from the date of issuance.
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