Prosper Gold Corp. Closes Second Tranche of Private Placement
December 20 2024 - 8:00AM
Prosper Gold Corp. ("
Prosper Gold" or the
"
Company") (TSXV: PGX) announces that it has
closed the second tranche of a private placement financing of
common shares in the capital of the Company that qualify as
“flow-through shares” for the purposes of the Income Tax Act
(Canada) (each, a “
FT Share”). The second tranche
of the financing consisted of 1,818,182 FT Shares at a price of
$0.11 per FT Share, for gross proceeds to the Company of $200,000
(the “
Second Tranche”).
In connection with the Second Tranche, the
Company paid $14,000 in cash and issued 127,272 common share
purchase warrants (each, a "Broker
Warrant") to finders at closing. Each Broker
Warrant is non-transferable and exercisable for one common share in
the capital of the Company for a period of 36 months following the
date hereof, at an exercise price of $0.20.
Prosper Gold expects to use the net proceeds
from the Second Tranche to fund exploration activities at the
Company’s Cyprus Project.
For a detailed overview of Prosper Gold please
visit www.ProsperGoldCorp.com
ON BEHALF OF THE BOARD OF
DIRECTORS
Per: “Peter Bernier”Peter BernierPresident &
CEO
For further information, please contact:
Peter BernierPresident & CEOProsper Gold
Corp.Cell: (250) 316-6644Email: Pete@ProsperGoldCorp.com
Unless otherwise specified, all dollar amounts
used herein refer to the law currency of Canada.
Certain information in this news release
constitutes forward-looking statements under applicable securities
law. Any statements that are contained in this news release that
are not statements of historical fact may be deemed to be
forward-looking statements. Forward-looking statements are often
identified by terms such as “may”, “should”, “anticipate”,
“expect”, “intend” and similar expressions. Forward-looking
statements in this news release include, but are not limited to,
statements with respect to the use of proceeds from the Second
Tranche and the exercise of the Broker Warrants. Forward-looking
statements necessarily involve known and unknown risks, including,
without limitation, the Company’s ability to implement its business
strategies; risks associated with mineral exploration and
production; risks associated with general economic conditions;
adverse industry events; marketing and transportation costs; loss
of markets; volatility of commodity prices; inability to access
sufficient capital from internal and external sources, and/or
inability to access sufficient capital on favourable terms;
industry and government regulation; changes in legislation, income
tax and regulatory matters; competition; currency and interest rate
fluctuations; and other risks. Readers are cautioned that the
foregoing list is not exhaustive.
Readers are further cautioned not to place undue
reliance on forward-looking statements as there can be no assurance
that the plans, intentions or expectations upon which they are
placed will occur. Such information, although considered reasonable
by management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement.
The forward-looking statements contained in this
news release represent the expectations of the Company as of the
date of this news release, and, accordingly, are subject to change
after such date. The Company does not undertake any obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
expressly required by applicable securities law.
Neither the TSXV nor its Regulation Services
Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this
release.
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