Top Price Market
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

Top Price Market

Investing

Providence Gold Mines Inc. Announces Extension of Private Placement

by admin January 16, 2025
January 16, 2025
Providence Gold Mines Inc. Announces Extension of Private Placement

(TheNewswire)

Providence Gold Mines Inc.

January 16, 2025 TheNewswire – (TSX-V: PHD) ( OTC: PRRVF ) Providence Gold Mines Inc. (the ‘Company’) announces that it has received an extension from the TSX Venture Exchange (‘TSX-V’) with respect to the duration of its previously announced private placement (the ‘Private Placement’) (please see the Company’s press releases dated November 20, 2024 and December 6, 2024).   The outside date upon which final acceptance of the Private Placement will be granted by the TSX-V has been extended by 30 days.  While the Company has closed a first tranche of the private placement it applied for an extension to January 28, 2025.

As previously announced the private placement of up to $1,700,000 Cdn for 34,000,000 units at $0.05 per unit. Each unit will comprise of one common share and one non-transferable warrant, exercisable into one common share of the Company at a price of $0.09 for a period of two years from the date of closing.

The funds from this placement will be used for evaluation of the new gold surface discovery reported for reference on May 6,2024 and for a significant drilling program of up to 2500m designed to target the historical McCarthy and Mexican shafts  and as well as an area north of  the Mexican  shaft where  significant ground preparation  provides a favorable structural setting for hanging wall splay veins analogous to the historical ‘Bonanza’ stope  at the Providence mine first stope at surface alone produced 50,000 ounces. Ron Coombes states, ‘exploration efforts have modelled potential for robust significant high grade gold targets’.

All securities issued will be subject to a hold period of four months and one day from the closing date of the private placement, in accordance with applicable Canadian securities laws.

Qualified Person

Lee Groat Ph.D., P. Geo, a geologist and qualified person (as defined under NI 43-101) has read and approved of the technical information contained in this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange accepts responsibility for the adequacy or accuracy of this release

ON BEHALF OF THE BOARD

‘Ronald Coombes’

Ronald Coombes, President & CEO

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Lundin Mining and BHP Close Filo Acquisition, Launch Vicuña Joint Venture
next post
There’s a sudden thaw in US-Cuba relations – but for how long?

You may also like

Is Quantum Computing the Next Big Tech Trend?

RUA GOLD Provides an Update on Previously Announced...

World Copper Announces Corporate Update Webinar

5 Top Weekly TSX Stocks: Copper Miner Taseko...

Investing in Graphene Companies

SAGA Metals Commences Drilling at Radar Ti-V Project...

Goldman Sachs Cuts Copper Price Forecast on Weak...

Appointment of TritonLake as Global Corporate and Financial...

Crypto Market Recap: WLFI Launches Strategic Token Reserve

Puma Exploration Welcomes Jean-David Moore to its Advisory...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Metals and Mining Virtual Investor Conference: Presentations Now Available for Online Viewing

    • Vance says India-Pakistan conflict ‘none of our business’ as Trump offers US help

    • Trump pushes tax hikes for wealthy as ‘big, beautiful bill’ deadline looms

    • US and other allies of Ukraine pile pressure on Putin, threatening fresh sanctions if he refuses 30-day truce

    • OpenAI’s Sam Altman thanks Sen John Fetterman for ‘normalizing hoodies’

    Categories

    • Business (1,632)
    • Investing (4,782)
    • Politics (7,552)
    • Uncategorized (2)
    • World (6,137)
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions
    • Email Whitelisting

    Disclaimer: toppricemarket.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 toppricemarket.com | All Rights Reserved


    Back To Top