200710_private_placement_closes-1

Advance Gold Corp. (TSXV: AAX) (“Advance Gold” or “the Company”) is pleased to announce that it has filed documents with the TSX Venture Exchange to close its previously announced private placement financing (see June 3, 2020 news release).  Subject to the receipt of all regulatory approvals, the Company will issue 4,014,998 Units, each Unit consisting of 1 common share and 1 common share purchase warrant, each warrant being exercisable at $0.10 for 24 months, for gross proceeds of $301,125. Proceeds from the financing will be used to fund drilling at the Tabasquena project near Ojocaliente, Mexico and for general corporate purposes.