on Grande Portage Resources Limited (isin : CA38655P2017)
Grande Portage Launches Private Placement to Fund New Amalga Mine Project
Grande Portage Resources Ltd., a mining firm, has announced a non-brokered private placement of up to 10 million units at C$0.30 each, targeting gross proceeds of C$3 million. The financing, under the LIFE Exemption, is open to Canadian residents and some international jurisdictions. Each unit includes one common share and a warrant, with the latter allowing purchase of an additional share for C$0.45 within 24 months.
The company aims to utilize funds for exploration and development of its New Amalga Mine project in Alaska and general working capital. The first closing is anticipated on November 12, 2024. Red Cloud Securities Inc. will receive a 7% cash commission and warrants for its role.
R. P.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Grande Portage Resources Limited news