GoldON Resources Reports Interim Private Placement Closing

GoldON Resources (TSXV:GLD) has closed its previously announced non-brokered private placement financing for gross proceeds of $165,000. GoldON anticipates that the remainder of the financing will be closed shortly.

As quoted in the press release:

Each warrant will entitle the holder to purchase an additional common share at a price of $0.07 until December 19, 2016.

The proceeds from the financing will be used for diamond drilling to test gold, silver and VMS targets as outlined in the Company’s new exploration model developed for its Slate Falls Property; and for general working capital purposes.

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