Lode Gold Resources Inc. announced a non-brokered private placement financing for $350,000. The financing will be used for corporate purposes and general working capital. The company will issue 1,944,444 units at $0.18 per unit, with each unit consisting of one common share and one common share purchase warrant.
Toronto, Ontario-- - Lode Gold Resources Inc. is pleased to announce a non-brokered financing for $350,000 by issuing 1,944,444 units at $0.18 per unit.
The proceeds raised from the offering will go towards corporate purposes as well as general working capital. The company will pay finder's fees to eligible arm's-length persons with respect to subscriptions accepted by the company.Lode Gold is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States.
In the United States, the Company is advancing its Fremont Gold project. This is a brownfield project with over 43,000 m drilled and 23 km of underground workings. It was previously mined at 8 g/t Au in the 1940's. Mining was halted in 1942 due the gold prohibition in WWII just as it was ramping up production. Unlike typical brownfield projects that are mined out; only 11% of the veins - in 2 out of 7 deposits have been exploited.
All NI 43-101 technical reports are available on the Company's profile on SEDAR+ and the Company's website .The scientific and technical information contained in this press release has been reviewed and approved by Jonathan Victor Hill, Director, BSc , FAusIMM, and who is a"qualified person" as defined by NI-43-101.info@lode-gold.
Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies.
FINANCING MINING GOLD EXPLORATION DEVELOPMENT
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