Premier Gold Announces Flow-Through Share Private Placement Up to $4.675 million

Premier Gold (TSX:PG) has announced its intention to complete a non-brokered private placement of up to 850,000 common shares that are “flow-through shares” at a price of $5.50 per flow-through share for aggregate gross proceeds of up to $4.675 million.
As quoted in the press release:

The securities to be issued under this Offering will be offered by way of private placement in the provinces of British Columbia, Alberta and Ontario and such other provinces or territories of Canada as may be determined by the Corporation, in each case, pursuant to applicable exemptions from the prospectus requirements under applicable securities laws. Securities issued under the Offering will be subject to a four-month hold period which will expire four months and one day from the date of closing of the Offering.
Closing of the Offering is anticipated to occur on or about October 14, 2016. The Offering is subject to approval by the Toronto Stock Exchange and other customary conditions for a transaction of this nature. The proceeds from the Offering will be used for exploration activities on the Corporation’s Canadian mineral exploration projects.

Click here to read the full press release.