CSE:EDGM

Edgemont Increases and Closes Non-Brokered Private Placement for $2.05 Million

Edgemont Gold Corp. (CSE: EDGM) is pleased to announce that, due to demand, it has increased the non-brokered private placement of 8,750,000 units announced on February 2, 2021 to 10,247,500 units at $0.20 per unit, for gross proceeds to the Company of $2,049,500. This placement has now closed, with all securities issued with respect to this private placement subject to a four month plus a day hold period expiring on June 18, 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 $0.30 per share for a period of one year from the date of closing. Finder's fees in cash of $99,330 have been paid on a portion of this placement along with the issuance of 496,650 finders' warrants. The finders' warrants have the same terms and conditions as the subscriber warrants issued under the offering.

The net proceeds of this private placement will be used to fund drilling planned for this spring on the Company's Dungate copper/gold porphyry project near Houston. B.C. and for working capital.

About Edgemont

Edgemont is currently actively exploring the Dungate copper/gold porphyry project located just 6 km south of Houston in the Omenica Mining Division of northern British Columbia. The property consists of five mineral tenures covering 1,582.2 hectares and 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
Edgemont Gold Corp.
Tel: (778) 239-3775
www.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/74694

News Provided by Newsfile via QuoteMedia

The Conversation (0)
John Feneck, gold bar.

John Feneck: Gold Landscape Never Better, Plus 9 Stocks on My Radar Now

John Feneck, portfolio manager and consultant at Feneck Consulting, shares his updated outlook for gold, saying that the yellow metal still has space to run.

He also discusses nine gold and "special situations" companies that are on his radar.

Watch the interview for more, or click here for the Investing News Network's Prospectors & Developers Association of Canada convention playlist on YouTube.

Keep reading...Show less
Brian Leni, mine site.

Brian Leni: Latest Mining Stock Wins and How I'm Deploying Cash Now

Brian Leni, founder of Junior Stock Review, runs through his investment strategy, saying he's looking for stocks with an "X factor" that's being overlooked.

Watch the interview above for more of this thoughts.

You can also click here to view the Investing News Network's Prospectors & Developers Association of Canada convention playlist on YouTube.

Keep reading...Show less
Willem Middelkoop, gold bars.

Willem Middelkoop: Gold to Benefit as Chaos Rises, Silver's Path to US$100

Willem Middelkoop, founder of Commodity Discovery Fund, shared his thoughts on the commodities space, saying that an "era of shortages" is arriving.

He believes that will propel prices up from today's rock-bottom levels, creating investment opportunities.

Middelkoop also discussed geopolitics, looking at recent moves from the Trump administration.

Keep reading...Show less
Chen Lin, map and stock chart.

Chen Lin: Gold, Silver, Critical Minerals — Where I'm Investing in 2025

Chen Lin of Lin Asset Management told the Investing News Network where he's investing in 2025, mentioning gold, silver and critical minerals.

In his view, the mining industry is returning to exciting times after a long bear market.

Watch the interview above for more from Lin on those topics.

Keep reading...Show less
Gold bars on top of US bills.

Will Trump Bring Back the Gold Standard?

The gold standard hasn’t been used in the US since the 1970s, but during Donald Trump's first term from 2017 to 2021 there was some speculation that he could bring it back.

Rumors that the gold standard could be reinstated during Trump’s presidency centered largely on positive comments he made about the idea. Notably, he suggested that it would be “wonderful” to bring back the gold standard, and a number of his advisors were of the same mind — Judy Shelton, John Allison and others supported the concept.

Now that Trump is back in the White House, some are again wondering if he will return the country to the gold standard. Speaking on his War Room podcast back in December 2023, Steve Bannon, Trump's former chief strategist, said he believes the president could ditch the US Federal Reserve and bring back the gold standard in his second term in office.

Keep reading...Show less
Heliostar Metals CEO, President and Director Charles Funk.

Heliostar Metals Eyes 2028 Gold Production at Flagship Ana Paula Project

Heliostar Metals (TSXV:HSTR,OTCQX:HSTXF,FWB:RGG1) President and CEO Charles Funk highlighted progress on drilling at the firm's flagship Ana Paula project in Mexico.

The company continues to expand the property's high-grade resource and is advancing toward a feasibility study. It is aiming to subsequently commence production by 2028.

Latest Press Releases

Related News

×