Prosper Gold (PGX-V) June 27, '16 announces it has increased its previously announced non-brokered private placement (see news release of June 13, 2016) from up to $2,000,000 to up to $2,500,000. The Private Placement will increase from up to 2,000,000 units to up to 4,000,000 units of the Company at an issue price of $0.25 per Unit and up to 5,000,000 flow-through units at an issue price of $0.30 per Flow-Through Unit. The Units and Flow-Through Units will be issued on the same terms as those previously announced.
The Private Placement will be non-brokered; however, the Company may pay finder's fees in accordance in the rules and policies of the TSX-V. The financing is subject to the approval of the TSX-V.
All securities issued pursuant to this Private Placement will be subject to a four month and one day hold period in accordance with applicable securities laws. The closing date for the Private Placement is expected to occur in July 2016 or such other date as the Company may determine. The net proceeds from the non-flow-through portion of the Private Placement will be used to fund exploration activities for 2016 and for working capital and general corporate purposes. The gross proceeds from the flow-through portion of the Private Placement will be used to fund exploration activities for 2016.
For a detailed overview of Prosper Gold please visit www.ProsperGoldCorp.com
ON BEHALF OF THE BOARD OF DIRECTORS
Peter Bernier, President & CEO
Prosper Gold Corp.
Peter Bernier
President & CEO
Office: (250) 992-6644
Pete@ProsperGoldCorp.com |
