Avidian Gold Corp.: Avidian Gold Announces Non-Brokered Private Placement
TORONTO, ON / ACCESSWIRE / April 26, 2021 / Avidian Gold Corp. ("
Avidian" or the "
Units") at $0.15 per Unit for gross proceeds of up to $6,000,000 (the "
Offering"). Each Unit will consist of one common share of the Company (a "
Common Share") and one-half of one Common Share purchase warrant (a "
Warrant"). Each full Warrant will entitle the holder to acquire a Common Share at $0.20 per Common Share for twenty-four (24) months following the issuance of Warrants.
The net proceeds from the Offering shall be primarily used for the development of Avidian's advanced-stage gold & gold-copper mineral properties in Alaska and Nevada and for general and administrative expenses. Avidian reserves the right to up-size the offering by 25%. The Offering is expected to close on or about May 21, 2021.