non brokered private placement

Edgemont Arranges Non-Brokered Private Placement for $670,000

Edgemont Gold Corp. (CSE: EDGM) (FSE: EG8) has agreed to a non-brokered private placement of 2,000,000 flow through units at a price of $0.335 per unit for gross proceeds of $670,000. Each unit will be comprised of one flow-through common share and one half of a common share purchase warrant, with each full warrant entitling the holder to purchase an additional non-flow-through common share at an exercise price of $0.35 per share for a period of one year from the date of closing.

The proceeds of this private placement will be used to extend the drill program scheduled this summer at Edgemont's Dungate copper/gold porphyry project near Houston, B.C.

Common shares comprising part of the Units issued under this private placement will qualify as flow through shares under the Income Tax Act (Canada). The total funds received by the Company will be used to incur 'Canadian exploration expenses' that will qualify as 'flow through mining expenditures' under the Income Tax Act and will be renounced to the initial purchasers of the flow through shares.

All securities to be issued with respect to this private placement will be subject to a hold period expiring four months and one day from the closing date of the placement, in accordance with applicable securities laws. A total of 160,000 finders warrants will be paid with respect to this placement. Closing of the private placement is subject to final acceptance by the Canadian Securities Exchange.

About Edgemont

Edgemont is actively exploring the Dungate copper/gold porphyry project located just 6 km south of Houston in the Omenica Mining Division of northern British Columbia. Having acquired an interest in its initial claims at Dungate in 2018, the Company now holds five mineral tenures covering 1,582.2 hectares that can be explored year round by all-season roads. For more information, please visit our web site at www.edgemontgold.com.

For further information, please contact:

Stuart Rogers 
Chief Executive Officer 
Tel: (778) 239-3775 
www.edgemontgold.com 

Kevin Arias
VP Corporate Development
Tel: (778) 773-4786
E-mail: info@edgemontgold.com

Neither the Canadian Securities Exchange nor its Market Regulator (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/86266

News Provided by Newsfile via QuoteMedia

The Conversation (0)
Edgemont Gold Corp

Edgemont Gold Corp

Exploring Compelling Copper-GoldPorphyry Opportunities in British Columbia

Exploring Compelling Copper-GoldPorphyry Opportunities in British Columbia Keep Reading...
Soap bubble bursting with stock market chart inside, displaying red downward trends on a dark background.

Experts Warn: AI Boom Shows Bubble Signs, but Investors May Miss the Exit

The artificial intelligence (AI) investment boom is showing many of the hallmarks of a market bubble, with soaring valuations, rising leverage and increasingly speculative capital flows prompting warnings from veteran investors at the New Orleans Investment Conference.During a popular annual... Keep Reading...
Don Hansen, gold bars.

Don Hansen: Gold, Silver Bull Run Not Over, My Strategy Now

Private investor Don Hansen shares his latest gold market analysis, emphasizing that the current bull market is likely only halfway through. "If we had a normal five or six times multiple, the gold bull market would go to US$8,000 to $10,000 an ounce in another four years," he said.Don't forget... Keep Reading...
Jp Cortez, gold bars.

Jp Cortez: Will the US Revalue Gold? Plus Repatriation, Fort Knox Audit

Jp Cortez, executive director at the Sound Money Defense League, reviews the organization's recent accomplishments in the US and talks about where it plans to focus in the year ahead, including efforts to move the SILVER Act forward. Cortez also explains why the push to audit Fort Knox... Keep Reading...
Three towering gold bars stand on a chart backdrop with numbers and graphs, text reads: 95426, 8599, 756.8.

Gold Majors’ Q3 Free Cashflow Falls as Spending and Costs Rise

Major gold producers ended the third quarter with less free cashflow than in Q2 as heavier capital spending and higher costs absorbed cash, even as gold edged higher.The LBMA gold price hit its quarterly low of US$3,978.55 per ounce on July 1, then climbed to a high of US$4,663.70 on August 24... Keep Reading...
Shiny gold bar rests on financial chart with fluctuating orange and blue lines.

Gold Price Rebounds After Jobs Data Sparks Friday Selloff

The gold price retreated on November 6, coming under pressure from a stronger US dollar and rising treasury yields, after new US jobs data showed that employers added 165,000 jobs in October.Spot gold was trading around US$4,063 per ounce by 2:55 p.m. EST. The decline followed a strong rally... Keep Reading...
Hand holds gold bar in front of a government building.

Alasdair Macleod: Bond Crisis Ahead — Get in Gold and Out of Credit

Alasdair Macleod of Macleod Finance discusses the issues he sees unfolding in the bond market and outlines how they could spill over into the stock market. In his view, that could happen more quickly than many are expecting. Macleod also explains how gold fits into the picture, emphasizing its... Keep Reading...

Interactive Chart

Latest Press Releases

Related News