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ALQ Gold Corp. (TSXV:ALQ) announced the closing of the first two tranches of the private placement announced in August 2017.
ALQ Gold Corp. (TSXV:ALQ) announced the closing of the first two tranches of the private placement announced in August 2017. The Company also announced the advance of of USD$1,155,000 as a loan to Tahoe Hydroponics Company, LLC.
As quoted in the press release:
The Company announces that it has closed the first two tranches of the private placement and issued an aggregate of 7,337,267 shares for gross proceeds of $2,568,043.
The Company advises that it has advanced a total of USD$1,155,000 as a loan to Tahoe, and is currently amending its agreement with Tahoe to take into account such funds advanced, and the timing of future advances.