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GeoMegA Resources (TSXV:GMA) announced the closing of a final private placement for gross proceeds of $640,000. The placement consists of 2 million flow-through shares and 777,778 units. The proceeds will go to help cover the cost of the initial drilling campaign on the Anik gold project as well as working capital purposes.
According to the press release:
[GeoMegA] announces the closing of a final private placement consisting of 777,778 units (the “Units”) at a price of $0.18 per Unit and 2,000,000 flow-through shares (each a “Flow-Through Share”) at a price of $0.25 per Flow-Through Share for aggregate gross proceeds of $640,000 (the “Private Placement”).
The Company will
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