February 05, 2018
Advance Gold Closes $190,000 Private Placement Financing
|Further to its news releases dated January 19, 2018 and January 31, 2018, the Company announces that the TSX Venture Exchange has accepted documents for closing its $190,000 private placement financing.
The Company will issue 3,166,667 units (the “Units”), each Unit being comprised of one common share in the capital of the Company and one common share purchase warrant. Each warrant shall entitle the holder to purchase one common share at a price of 8 cents ($0.08) per share at any time within 24 months of the date of issuance.
All securities issued pursuant to the financing are subject to a 4 month hold period. The Company will use the net proceeds of this private placement for general corporate purposes and to advance our Tabasquena silver project in Zacatecas, Mexico.