GoldON closes non-brokered financing for more Madsen work
GoldON Resources Ltd. has announced the closing of its previously announced non-brokered private placement financing that raised $522,000 in gross proceeds.
The offering consisted of 4,350,000 flow-through shares, each priced at $0.12 per share. All shares issued through this Offering will be subject to a hold period expiring on December 17, 2024.
Figure 1: Looking northeast from GoldON's West Madsen property to WRLG's Madsen Gold Mine property.
To view an enhanced version of this graphic, please visit:
https://goldonresources.com/images/westmadsen/WM-BLK-A_WRLG.jpg
The Company will use the proceeds of the Offering to fund the next phase of drilling at its 100%-owned West Madsen Gold Property located in the heart of the Red Lake Gold Camp.
About GoldON Resources Ltd.
GoldON is a mineral exploration company focused on discovery-stage properties. Our goal with a property is to add value by defining (or redefining) the exploration opportunity, maintain ownership control during the value creation phase of discovery, and then source a well-financed partner capable of accelerating discovery, resource definition, and development.
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