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:

Gatling Exploration secures private placement worth up to C$3M for Canadian exploration

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


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


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 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 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)

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

Report abuse
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.