HighGold Mining Announces Closing of $3.7 Million Non-Brokered Private Placement Offering
HighGold Mining Inc. (TSXV: HIGH) (
HighGold or the
FT Private Placement ) of 1,500,000 flow-through common shares in its capital (the
FT Shares ) at a price of $2.00 per FT Share for aggregate gross proceeds of $3,000,000 (see news release dated December 15, 2020).
In connection with the FT Private Placement, the Company issued an additional 350,000 flow-through common shares of the Company (the
Participation Shares ) pursuant to an existing shareholder s election to exercise its participation right granted under an investor rights agreement (the
Participation Right Exercise ; together with the FT Private Placement, the
Offering ). The Participation Shares were issued at a price of $2.00 per Participation Share for additional gross proceeds of $700,000, for aggregate gross proceeds from the Offering of $3,700,000 (see news release dated December 22, 2020).
HighGold Mining: HighGold Intersects 190.5 g/t Gold over 0.5 meters at Munro-Croesus Project, Timmins Area, Ontario
Vancouver, British Columbia (Newsfile Corp. - December 22, 2020) - HighGold Mining Inc. (TSXV: HIGH), (OTCQX: HGGOF) (
HighGold or the
Company ) is pleased to report the first round of assay results from the 2020 Fall Drill Program (the
Program ) at its Munro-Croesus project (the
Project ) located in the Timmins gold camp, Ontario, Canada. The Program evaluated targets in the immediate vicinity of the historic Croesus Gold Mine as well as new targets identified in recent trench sample results elsewhere on the property. A total of 31 holes were completed totalling 2,645 meters. Assays have been received for nine (9) holes with significant results reported below and in Table 1.
HighGold Mining Announces $3.0 Million Non-Brokered Private Placement Offering
HighGold Mining Inc. (TSXV: HIGH) (
HighGold or the
Company ) is pleased to announce that it has arranged a non-brokered private placement (the
Offering ) of up to 1,500,000 common shares of the Company issued on a flow-through basis, which may be gifted or sold by the initial purchaser (each, a
FT Share ) at a price of $2.00 per FT Share for aggregate gross proceeds of up to $3,000,000.
Darwin Green, President and CEO of HighGold, commented, This $3 million financing achieves the dual purpose of allowing the Company to accelerate exploration at its Munro-Croesus gold project, Ontario while at the same time preserving the Company s $15 million hard dollar treasury for its Johnson Tract Gold (Zinc-Copper) Project, Alaska.
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