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Wellgreen Platinum Announces Closing of Private Placement
Jul. 08, 2016 08:28AM PST
Precious Metals Investing
Wellgreen Platinum (TSX:WG) has announced that it has closed its previously announced private placement pursuant to which the company issued 6,796,742 common shares for gross proceeds of $2,039,022. As quoted in the press release: All Shares issued under the Private Placement are subject to a statutory four month hold period. The net proceeds of the …
Wellgreen Platinum (TSX:WG) has announced that it has closed its previously announced private placement pursuant to which the company issued 6,796,742 common shares for gross proceeds of $2,039,022.
As quoted in the press release:
All Shares issued under the Private Placement are subject to a statutory four month hold period. The net proceeds of the Private Placement will be used for the development of the Company’s Wellgreen PGM-nickel project in the Yukon and for general corporate purposes.