GoldON completes $400K private placement for work at West Madsen
GoldON Resources Ltd. has completed its previously announced non-brokered private placement financing that raised $400,000 in gross proceeds. The offering consisted of 8,000,000 non-flow-through units. The units were priced at $0.05 each and consist of one common share and one non-transferable share purchase warrant that entitles the holder to purchase one additional common share of the Company at $0.10 per share for two years following the closing date of the Offering. All securities issued pursuant to this Offering will have a hold period expiring August 30, 2024.
The Company will use the proceeds of the Offering to fund work at its 100%-owned West Madsen Gold Property and for general working capital purposes.
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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