Providence Gold Mines Inc. Announces Extension of Private Placement

Providence Gold Mines Inc. Announces Extension of Private Placement

(TheNewswire)

Providence Gold Mines Inc.


January 16, 2025 TheNewswire - (TSX-V: PHD) ( OTC: PRRVF ) Providence Gold Mines Inc. (the "Company") announces that it has received an extension from the TSX Venture Exchange ("TSX-V") with respect to the duration of its previously announced private placement (the "Private Placement") (please see the Company's press releases dated November 20, 2024 and December 6, 2024).   The outside date upon which final acceptance of the Private Placement will be granted by the TSX-V has been extended by 30 days.  While the Company has closed a first tranche of the private placement it applied for an extension to January 28, 2025.

As previously announced the private placement of up to $1,700,000 Cdn for 34,000,000 units at $0.05 per unit. Each unit will comprise of one common share and one non-transferable warrant, exercisable into one common share of the Company at a price of $0.09 for a period of two years from the date of closing.

The funds from this placement will be used for evaluation of the new gold surface discovery reported for reference on May 6,2024 and for a significant drilling program of up to 2500m designed to target the historical McCarthy and Mexican shafts  and as well as an area north of  the Mexican  shaft where  significant ground preparation  provides a favorable structural setting for hanging wall splay veins analogous to the historical "Bonanza" stope  at the Providence mine first stope at surface alone produced 50,000 ounces. Ron Coombes states, "exploration efforts have modelled potential for robust significant high grade gold targets".

All securities issued will be subject to a hold period of four months and one day from the closing date of the private placement, in accordance with applicable Canadian securities laws.

Qualified Person

Lee Groat Ph.D., P. Geo, a geologist and qualified person (as defined under NI 43-101) has read and approved of the technical information contained in this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange accepts responsibility for the adequacy or accuracy of this release

ON BEHALF OF THE BOARD

"Ronald Coombes"

Ronald Coombes, President & CEO

Copyright (c) 2025 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

PHD:CC
Providence Gold Mines

Providence Gold Mines Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Providence Gold Mines (TSXV:PHD)

Providence Gold Mines


Keep reading...Show less

Unlocking untapped, high-grade gold deposits in the historic Mother Lode Gold Belt in California

Providence Extends Private Placement

Providence Extends Private Placement

(TheNewswire)

Providence Gold Mines Inc.

March 28, 2025 TheNewswire - Vancouver, BC - Providence Gold Mines Inc. ("the Company"), The Company is pleased to announce that it has been granted an extension of its previously announced Private Placement (November 20, 2024, December 6, 2024, January 16, 2025 and February 14 th 2025) until April 30,2025. As announced, a placement of up to $1,800,000 Cdn for 36,000,000 units at $0.05 per unit is underway. Each unit will comprise of one common share and one non-transferable warrant, exercisable into one common share of the Company at a price of $0.09 for a period of two years from the date of closing.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Editor's Picks: Gold Hits New High, Silver Squeeze 2.0 Next Week?

Editor's Picks: Gold Hits New High, Silver Squeeze 2.0 Next Week?

The gold price continued moving higher this week, reaching yet another record.

After trading as low as US$3,006 per ounce on Monday (March 24), the yellow metal took off midway through the week, closing at US$3,085 on Friday (March 28).

So what factors are moving gold right now?

Keep reading...Show less

VIDEO - CEO Clips - Yukon Metals: Advancing High-Grade Gold, Silver and Copper Exploration

Yukon Metals (CSE: YMC) (OTCQB: YMMCF Advancing high-grade gold, silver and copper exploration in the Yukon, Yukon Metals is building on a rich history of prospecting expertise to unlock significant high-grade mineral potential.. With excellent infrastructure access and a commitment to aggressive drilling, the company is focused on advancing its portfolio in one of Canada's most prospective mining jurisdictions.

www.b-tv.com/post/ceo-clips-yukon-metals-advancing-high-grade-copper-precious-metals-exploration-btv-60

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Danielle DiMartino Booth: US Economy at Precipice — Key Data to Watch Now

Danielle DiMartino Booth: US Economy at Precipice — Key Data to Watch Now

Danielle DiMartino Booth, CEO and chief strategist at QI Research, shares her US economic outlook, saying layoffs and bankruptcies are putting the Federal Reserve in a "tight position."

She sees the central bank potentially cutting rates four to five times in 2025.

Keep reading...Show less
Joe Cavatoni, gold bars.

Joe Cavatoni: Gold Shining, Risk Assets Under Pressure — What's Next?

Gold has seen rapid price gains in 2025 — is its move past US$3,000 per ounce sustainable?

Joe Cavatoni, senior market strategist, Americas, at the World Gold Council, said although the metal's ascent has been quick, it's underpinned by strong fundamentals.

Keep reading...Show less
Three gold bars on price chart with magnifying glass.

What Was the Highest Price for Gold?

Gold has long been considered a store of wealth, and the price of gold all time high often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.

The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has pushed the precious metal to record highs as market participants seek its perceived security. And each time the gold price rises, there are calls for even higher record-breaking levels.

Gold market gurus from Lynette Zang to Chris Blasi to Jordan Roy-Byrne have shared eye-popping predictions on the gold price that would intrigue any investor — gold bug or not.

Keep reading...Show less

YUKON METALS ANNOUNCES UPSIZE IN PRIVATE PLACEMENT TO C$10M

/Not for distribution to United States newswire services or for dissemination in the United States . Not an offer of securities for sale in the United States /

 Yukon Metals Corp. (CSE: YMC) (FSE: E770) (OTC: YMMCF) (" Yukon Metals " or the " Company ") is pleased to announce that in connection with its previously announced "best efforts" private placement, the Company and Cormark Securities Inc. together with Canaccord Genuity Corp. (the " Co-Agents "), have agreed to increase the size of the previously announced private placement for aggregate gross proceeds of up to approximately C$10 million (the "Offering" ).

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Providence Gold Mines

Providence Gold Mines Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×