edgemont gold

Edgemont Closes Non-Brokered Private Placement for $703,500

Edgemont Gold Corp. (CSE: EDGM) (FSE: EG8) is pleased to announce that it has increased and closed the previously announced non-brokered private placement of 2,100,000 flow through units at $0.335 per unit for gross proceeds of $703,500. All securities issued with respect to this private placement are subject to a four month plus a day hold period expiring on October 24, 2021 in accordance with applicable securities laws.

Each unit is comprised of one common share and one half warrant, with each full warrant entitling the holder to purchase an additional common share at an exercise price of $0.35 per share for a period of one year from the date of closing. The Company issued 160,000 finder warrants with respect to a portion of this placement, with no cash finder's fees having been paid. The finder warrants have the same terms and conditions as the subscriber warrants issued under the offering.

The proceeds of this private placement will be used to fund the drill program scheduled to start in July 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.

About Edgemont

Edgemont is actively exploring the Dungate copper/gold porphyry project located just 6 km south of Houston, BC, in a region with a history of successful mining projects including the Equity Silver Mine, Imperial Metals' Huckleberry Mine, and the more recent gold-silver discovery at Sun Summit Minerals' Buck Project which sits just 7 km to the south.

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 website 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/88427

News Provided by Newsfile via QuoteMedia

The Conversation (0)
Gold bars.

5 Top Weekly TSXV Stocks: Gold Stocks Gain as Metal Soars Above US$2,200

The S&P/TSX Venture Composite Index (INDEXTSI:JX) gained 1.41 points last week to close at 552.31.

At its latest meeting this past Tuesday (March 19) and Wednesday (March 20), the US Federal Reserve decided to continue holding its benchmark interest rate at 5.25 to 5.5 percent. Chair Jerome Powell indicated that before it begins reducing rates, the central bank wants to see more data showing inflation is moving toward its 2 percent target.

He also said the Fed is still anticipates three cuts before the end of 2024, but declined to say when they will begin.

Keep reading...Show less
Siren Gold

Managing Director Appointment Update

Siren Gold Limited (ASX: SNG) (Siren or the Company) refers to the announcement dated 26 February 2024 in respect to the appointment of Mr Victor Rajasooriar as Managing Director and Chief Executive Officer of the Company effective 2 April 2024.

Keep reading...Show less
Brightstar Resources

Compelling Scoping Study for Jasper Hills Gold Project

Brightstar Resources Limited (Brightstar or the Company) (ASX: BTR) is pleased to announce the results of a positive Scoping Study for the Jasper Hills Gold Project located in WA’s eastern Goldfields region.

Keep reading...Show less
Brightstar Resources

Logical Consolidation to Create a Growing West Australian Gold Producer

Merger of Brightstar Resources Limited and Linden Gold Alliance Limited

This presentation (Presentation) regarding the merger of Brightstar Resources Limited (Brightstar or the Company) and Linden Gold Alliance Limited (Linden) has been prepared by Brightstar and has been authorised for release by the Board of Directors of Brightstar on the basis it is to be read in conjunction with the Key Risks in Appendix 8 and these important notices and disclaimers.

Keep reading...Show less
Brightstar Resources

Brightstar Makes Recommended Takeover Offer for Linden Gold Alliance Limited

Brightstar Resources Limited (ASX:BTR) (Brightstar) and unlisted Linden Gold Alliance Limited (Linden) are pleased to announce that they have entered into a Bid Implementation Agreement (BIA), pursuant to which Brightstar will acquire all of the issued ordinary shares and options in Linden via an unanimously recommended off-market scrip takeover offer (Offer).

Keep reading...Show less
Brightstar Resources

Brightstar Resources Limited (ASX: BTR) – Trading Halt

Description

The securities of Brightstar Resources Limited (‘BTR’) will be placed in trading halt at the request of BTR, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Wednesday, 27 March 2024 or when the announcement is released to the market.

Keep reading...Show less

Latest Press Releases

Related News

×