Gatling Exploration secures private placement worth up to C$3M for Canadian exploration
Gatling Exploration Inc (CVE:GTR) (OTCQB:GATGF) (FRA:G28A) announced that it has arranged a private placement to raise gross proceeds of up to C$3 million to fund exploration in Canada.
The offering will consist of a combination of more than 4.4 million common shares issued on a flow-through (FT) basis at a price of C$0.45 per FT share, as well as 2.5 million units of the company at a price of C$0.40 per unit.
Each unit will contain one common share and half a transferable share purchase warrant, and whole units will be exercisable for two years at a price of C$0.60 per share.
READ: Gatling Exploration poised for drilling at Kir Vit prospect in third quarter after receiving permit
Gatling plans to use the proceeds from the offering for Canadian exploration expenses, which will qualify as “flow-through mining expenditures,” the company noted.
All securities in the offering will be subject to a four-month hold period from the date of issue in accordance with applicable securities laws, the company said, and the offering is subject to acceptance of the TSX Venture Exchange.
Gatling Exploration is a gold exploration company focused on advancing the Larder Gold Project, located in the prolific Abitibi greenstone belt in Northern Ontario. The Larder property hosts three high-grade gold deposits along the Cadillac-Larder Lake Break, 35 kilometers (km) east of Kirkland Lake. The 3,370-hectare project area is positioned 7km west of the Kerr Addison Mine, which produced 11 million ounces of gold.
Contact Andrew Kessel at [email protected]
Follow him on Twitter @andrew_kessel
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/952092/gatling-exploration-secures-private-placement-worth-up-to-c3m-for-canadian-exploration-952092.html
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 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.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)
