Provenance Gold Upsizes Private Placement Financing to $2 Million
Provenance Gold (OTCQB: PVGDF) has announced an upsize to its previously announced non-brokered private placement, now targeting gross proceeds of up to $2 million. The offering consists of up to 10 million units at $0.20 per unit, with each unit comprising one common share and one-half warrant.
Each whole warrant allows the purchase of an additional common share at $0.25 for three years. The proceeds will fund the advancement of the company's Eldorado project in eastern Oregon, where an RC drilling program is currently underway, along with working capital needs. The placement is expected to close within two weeks, subject to regulatory approval.
Provenance Gold (OTCQB: PVGDF) ha annunciato un aumento dell'offerta privata non intermediata precedentemente comunicata, puntando ora a un ricavo lordo fino a 2 milioni di dollari. L'offerta prevede fino a 10 milioni di unità a 0,20 dollari ciascuna, con ogni unità composta da una azione ordinaria e mezza warrant.
Ogni warrant intero consente l'acquisto di un'azione ordinaria aggiuntiva a 0,25 dollari per tre anni. I proventi serviranno a finanziare l'avanzamento del progetto Eldorado dell'azienda nell'est dell'Oregon, dove è in corso un programma di perforazioni RC, oltre a coprire le esigenze di capitale circolante. La chiusura dell'offerta è prevista entro due settimane, soggetta all'approvazione normativa.
Provenance Gold (OTCQB: PVGDF) ha anunciado una ampliación de su colocación privada no intermediada previamente anunciada, ahora con el objetivo de recaudar hasta 2 millones de dólares. La oferta consiste en hasta 10 millones de unidades a 0,20 dólares por unidad, cada una compuesta por una acción común y media warrant.
Cada warrant completo permite la compra de una acción común adicional a 0,25 dólares durante tres años. Los fondos se destinarán a avanzar en el proyecto Eldorado de la compañía en el este de Oregón, donde actualmente se está realizando un programa de perforación RC, además de cubrir las necesidades de capital de trabajo. Se espera que la colocación cierre en un plazo de dos semanas, sujeta a la aprobación regulatoria.
Provenance Gold (OTCQB: PVGDF)는 이전에 발표한 비중개 사모 모집을 확대하여 총 최대 200만 달러의 총 수익을 목표로 한다고 발표했습니다. 이번 공모는 단위당 0.20달러에 최대 1000만 단위로 구성되며, 각 단위는 보통주 1주와 0.5 워런트로 구성됩니다.
각 전액 워런트는 3년 동안 0.25달러에 추가 보통주 1주를 매수할 수 있는 권리를 제공합니다. 수익금은 현재 진행 중인 동부 오리건의 Eldorado 프로젝트 RC 시추 프로그램과 운전자본 필요 자금에 사용될 예정입니다. 이 사모 모집은 규제 승인에 따라 2주 이내에 마감될 예정입니다.
Provenance Gold (OTCQB : PVGDF) a annoncé une augmentation de sa placement privé non courtier précédemment annoncé, visant désormais un produit brut pouvant atteindre 2 millions de dollars. L'offre comprend jusqu'à 10 millions d'unités à 0,20 $ l'unité, chaque unité comprenant une action ordinaire et un demi-warrant.
Chaque warrant entier permet l'achat d'une action ordinaire supplémentaire à 0,25 $ pendant trois ans. Les fonds serviront à financer l'avancement du projet Eldorado de la société dans l'est de l'Oregon, où un programme de forage RC est actuellement en cours, ainsi que les besoins en fonds de roulement. La clôture de l'offre est prévue dans deux semaines, sous réserve de l'approbation réglementaire.
Provenance Gold (OTCQB: PVGDF) hat eine Aufstockung seiner zuvor angekündigten nicht vermittelten Privatplatzierung bekannt gegeben und strebt nun Bruttoerlöse von bis zu 2 Millionen US-Dollar an. Das Angebot umfasst bis zu 10 Millionen Einheiten zu je 0,20 US-Dollar, wobei jede Einheit aus einer Stammaktie und einer halben Option besteht.
Jede ganze Option ermöglicht den Kauf einer zusätzlichen Stammaktie zu 0,25 US-Dollar für drei Jahre. Die Erlöse werden zur Förderung des Eldorado-Projekts des Unternehmens im Osten Oregons verwendet, wo derzeit ein RC-Bohrprogramm läuft, sowie zur Deckung des Betriebskapitals. Der Abschluss der Platzierung wird innerhalb von zwei Wochen erwartet, vorbehaltlich der behördlichen Genehmigung.
- Strong investor interest led to upsizing of private placement to $2 million
- Proceeds will fund ongoing RC drilling program at Eldorado project
- Three-year warrants provide potential additional funding at $0.25 per share
- Dilution of existing shareholders through issuance of up to 10 million new units
- Additional dilution possible through warrant exercise
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2025) - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the "Company" or "Provenance") is pleased to announce that due to strong investor interest the Company is upsizing its previously announced non-brokered private placement.
The private placement will now consist of up to 10,000,000 units (each, a "Unit") at a price of
The Company intends to use the net proceeds of the Offering for advancing its Eldorado project in eastern Oregon, with a systematic RC drilling program currently underway in addition to working capital and general corporate purposes.
All securities issued in connection with the placement will be subject to restrictions on resale for a period of four-months-and-one-day in accordance with applicable securities laws. The Company may pay finders' fees to eligible third-parties who have introduced subscribers to the placement.
For further information concerning the private placement, readers are encouraged to review the news release issued by the Company on June 23, 2025.
About Provenance Gold Corp.
Provenance Gold Corp. is a precious metals exploration company with a focus on gold and silver mineralization within North America. The Company currently holds interests in Nevada, and eastern Oregon, USA. For further information please visit the Company's website at https://provenancegold.com or contact Rob Clark at rclark@provenancegold.com.
On behalf of the Board,
Provenance Gold Corp.
Rauno Perttu, Chief Executive Officer
Safe Harbor Statement: Neither the Canadian Securities Exchange, nor its regulation services provider, accepts responsibility for the adequacy or accuracy of this press release. This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257169
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