Banks Island Gold Completes Second Tranche of Non-Brokered Private Placement

Precious Metals

Banks Island Gold Ltd. (TSXV:BOZ) has closed the second tranche of its previously announced non-brokered private placement offering. Banks Island plans to use net proceeds from the offering for continued exploration and development activities at its Yellow Giant Gold Property in British Columbia.

Banks Island Gold Ltd. (TSXV:BOZ) has closed the second tranche of its previously announced non-brokered private placement offering. The company plans to use net proceeds from the offering for continued exploration and development activities at its Yellow Giant Gold Property in British Columbia.

As quoted in the press release:

In connection with the closing of the second tranche of the Offering, the Corporation has issued 922,866 Units at a price of $0.45 per Unit and 115,000 Flow Through Units at a price of $0.50 per Flow Through Unit, for gross consideration of $530,289.70, less previously announced finder’s fees. In total, the Corporation raised gross proceeds from the Offering of $3,990,289.70 through the issuance of 3,372,866 units and 4,945,000 flow through units.

Click here to read the Banks Island Gold Ltd. (TSXV:BOZ) press release