Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

HighGold Mining unveils C$3M financing to advance Timmins gold projects

% of readers think this story is Fact. Add your two cents.


HighGold Mining Inc (CVE:HIGH) (OTCQX:HGGOF) announced a flow-through financing to raise up to C$3 million gross to be used on exploration at its gold projects in the Timmins region of Ontario. 

The company will place up to 1.5 million shares on a flow-through basis, which may be gifted or sold by the initial purchaser at a price of C$2.00 per flow-through share for total gross proceeds of up to C$ million. 

READ: HighGold Mining consolidates ground at Munro-Croesus gold project into single strategic position with latest acquisition

“This $3 million financing achieves the dual purpose of allowing the company to accelerate exploration at its Munro-Croesus gold project, Ontario while at the same time preserving the company’s $15 million hard dollar treasury for its Johnson Tract Gold (Zinc-Copper) Project, Alaska,” said Darwin Green, President and CEO of HighGold in a statement.

The offering is expected to close on or before December 23 this year.

Gross proceeds will be used to incur Canadian Exploration Expenses that are “flow-through mining expenditures”, according to Canadian tax law, and will be renounced to subscribers with an effective date no later than December 31, 2020, in the amount of not less than the total amount of gross proceeds raised.

Yesterday, HighGold Mining reported that it had increased the size of its Munro-Croesus gold project in Timmins, Ontario by 40% and plans to drill there again in February next year. 

The company has acquired, with cash and shares, three new properties from various arm’s length vendors, consolidating its ground into one contiguous property with an area of 28 square kilometres (sq km).

Contact the author at [email protected]

Story by ProactiveInvestors



Source: https://www.proactiveinvestors.com/companies/news/936587/highgold-mining-unveils-c3m-financing-to-advance-timmins-gold-projects-936587.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST


Order by Phone at 888-809-8385 or online at https://www.herbanomic.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...
    Loading...

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.