Eminent Gold Corp. Completes Successful Private Placement Boost
Eminent Gold Corp. Finalizes Successful Private Placement
Eminent Gold Corp. has successfully closed the final tranche of its non-brokered private placement. This announcement marks an important milestone for the Company, as the placement has now increased in size to a remarkable total of $2.43 million. With a dedicated focus on enhancing their gold exploration ventures in Nevada, Eminent Gold Corp. continues to pave the way for its future.
Details of the Private Placement
This final tranche comprised 4,404,423 units, bringing the total amount raised to 9,341,285 units issued at $0.26 each. The increased total of $2,428,734 represents a significant step forward from the originally planned $1.28 million offering. This funding will help cover the over-subscriptions made by investors who recognize the potential for growth within the company.
Investor Benefits and Unit Breakdown
Each unit consists of one common share and a common share purchase warrant, further solidifying investor engagement. The warrants offer an exercise price of $0.55, valid for a period of 24 months following the offering's close. Notably, if the company’s shares reach $1.00 for ten consecutive trading days, an early expiry may be enforced, thus incentivizing stock growth.
Utilization of Funds Raised
The proceeds from this private placement will be allocated towards essential operational costs. These costs include general working capital, property holding expenses, and specific debts and payables. This strategic funding approach enables Eminent Gold to sustain its exploration activities effectively, reinforcing its commitment to discovering world-class gold resources.
Regulatory Considerations and Exemptions
The units distributed in this offering are subject to a four-month hold period in accordance with Canadian securities laws, ensuring regulatory compliance. Furthermore, the company’s transparent process allows for participation from board members, reaffirming their confidence in the Company’s objectives.
Leadership and Vision at Eminent Gold
Under the guidance of CEO Paul Sun, Eminent Gold is poised to expand its exploration efforts while fostering shareholder value. The team holds substantial experience in the mining sector, primarily focusing on the Great Basin region, which is known for its rich mineral deposits.
Future Exploration Pursuits
Eminent Gold’s exploration projects include the Hot Springs Range Project and Gilbert South, both of which show promising potential for future gold discoveries. As the market for gold remains strong, Eminent Gold is well-positioned to capitalize on its assets and maximize shareholder returns.
Contact Information
For more details regarding Eminent Gold Corp., interested individuals can reach out directly to Michael Bebek, Head of Communications. He is available at (604)-505-7751 for inquiries about their exciting projects and opportunities.
Frequently Asked Questions
What is Eminent Gold Corp.?
Eminent Gold Corp. is a gold exploration company focused on discovering valuable gold deposits in Nevada.
How much money has Eminent Gold Corp. raised?
The company has successfully raised $2.43 million through its private placement.
What are the warrants associated with this private placement?
The warrants allow holders to purchase additional shares at an exercise price of $0.55 for 24 months.
Where are Eminent Gold's exploration projects located?
The projects are located in the Great Basin, a region known for its mineral wealth.
Who can investors contact for more information?
Investors can contact Michael Bebek at (604)-505-7751 for more details about the company.
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