Prosper Gold Corp. Closes Private Placement
10 Oktober 2024 - 11:58PM
Prosper Gold Corp. ("
Prosper Gold" or the
"
Company") (TSXV:PGX) announces that it has closed
its non-brokered private placement financing (the
“
Financing”) of units (each, a
“
Unit”).
The Financing consisted of 5,700,000 Units at a
price of $0.10 per Unit, for gross proceeds to the Company of
$570,000. Each Unit consists of one common share of the Company
(each, a “Common Share”) and one common share
purchase warrant (each, a “Warrant”). Each Warrant
entitles the holder to acquire one Common Share at an exercise
price of $0.20 (the “Warrant Exercise Price”) for
a period of 24 months following the closing date.
In connection with the Financing, the Company
paid $27,650 in cash and issued 276,500 common share purchase
warrants (each, a "Broker
Warrant") to finders at closing. Each Broker
Warrant is non-transferable and exercisable for one Common Share
for a period of 24 months following closing at the Warrant Exercise
Price.
Prosper Gold expects to use the net proceeds
from the Financing to fund exploration activities at the Company’s
Cyprus Project and for working capital and general corporate
purposes.
All securities issued pursuant to the Financing
will be subject to a four month and one day hold period in
accordance with applicable securities laws. The securities
described herein have not been, and will not be, registered under
the United States Securities Act of 1933, as amended, and were not
permitted to be offered or sold within the United States absent
registration or an applicable exemption from the registration
requirements of such Act.
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 Financing
and the exercise of the Warrants and 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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