Ottawa, Ontario–(Newsfile Corp. – November 22, 2024) – Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) (“Gold79” or the “Company”) is pleased to announce the closing of the final tranche of its previously announced $6,000,000 non-brokered private placement financing (the “Offering”), raising aggregate gross proceeds of $6,110,000 through the issuance of 24,440,002 units at $0.25 per unit.
“This final tranche, which was oversubscribed, strengthens Gold79’s position as it accelerates exploration and pursues opportunities to enhance shareholder value in a rising gold price environment,” stated Quentin Mai, President of Gold79.
Gross proceeds from the final tranche were $610,000 through the issuance of 2,440,000 units at $0.25 per unit. Each unit consists of one common share of the Company and one-half common share purchase warrant. A total of 1,220,000 whole warrants were issued in the final tranche, with each warrant entitling the…
