Proceeds of the financing will be used to drill GoldON’s 100%-Owned West Madsen property in Ontario’s Red Lake Gold Camp
Victoria, British Columbia–(Newsfile Corp. – July 25, 2024) – GoldON Resources Ltd. (TSXV: GLD) (“GoldON” or the “Company”) is arranging a non-brokered private placement financing with qualified investors that includes a lead order from strategic investor Eric Sprott. The Company intends to offer up to 5,000,000 flow-through shares priced at $0.12 per share for maximum gross proceeds of $600,000 (the “Offering”).
Figure 1: Looking northeast from GoldON’s West Madsen property to WRLG’s Madsen Gold Mine property.
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.
Completion of this Offering is subject to TSX Venture Exchange acceptance.
About GoldON Resources Ltd.
GoldON is a mineral…
