On October 4, 2024, Independence Gold Corp announced the increase in the size of its private placement equity financing to a maximum of $6.65 million due to high investor demand. The Company plans to issue up to 30,227,272 shares at a price of $0.22 per share, including flow-through common shares and units. Each unit will consist of one common share and one-half of one common share purchase warrant.
The proceeds from the flow-through shares will be used for eligible Canadian exploration expenditures related to the 3Ts Project in British Columbia. The offering is expected to close on or before October 23, 2024, subject to regulatory approvals. Randy Turner, President and CEO of Independence Gold Corp, confirmed the details of the offering.
Investors are cautioned that forward-looking statements in this press release are subject to risks and uncertainties. The securities offered have not been registered under the U.S. Securities Act and are only available to eligible investors outside the United States. This press release does not constitute an offer to sell or solicitation to buy any securities. For more information, please visit the source version of this press release on the Independence Gold Corp website.
