Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Bernie Sanders calls for RFK Jr. to resign...
Top Senate Republican ready to go nuclear, ‘roll...
Altech Batteries LtdCERENERGY Battery 46.7M Euro German Grant...
Altech – CERENERGY Battery 46.7M Euro German Grant...
Locksley Resources LimitedStrengthens Leadership to Accelerate Growth Strategy
Heliostar Presents Second Quarter 2025 Financial Results
Apollo to Proceed with 5-for-1 Share Consolidation
Rhode Island’s ‘Taylor Swift Tax’ on vacation homes...
Former FBI Director Robert Mueller has Parkinson’s disease:...
Earthwise Advertising & Investor Awareness Campaign
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Providence Gold Mines Inc. Announces Extension of Private Placement

by admin January 17, 2025
January 17, 2025
Providence Gold Mines Inc. Announces Extension of Private Placement

(TheNewswire)

January 16, 2025 TheNewswire – (TSX-V: PHD) ( OTC: PRRVF ) Providence Gold Mines Inc. (the ‘Company’) announces that it has received an extension from the TSX Venture Exchange (‘TSX-V’) with respect to the duration of its previously announced private placement (the ‘Private Placement’) (please see the Company’s press releases dated November 20, 2024 and December 6, 2024).   The outside date upon which final acceptance of the Private Placement will be granted by the TSX-V has been extended by 30 days.  While the Company has closed a first tranche of the private placement it applied for an extension to January 28, 2025.

As previously announced the private placement of up to $1,700,000 Cdn for 34,000,000 units at $0.05 per unit. Each unit will comprise of one common share and one non-transferable warrant, exercisable into one common share of the Company at a price of $0.09 for a period of two years from the date of closing.

The funds from this placement will be used for evaluation of the new gold surface discovery reported for reference on May 6,2024 and for a significant drilling program of up to 2500m designed to target the historical McCarthy and Mexican shafts  and as well as an area north of  the Mexican  shaft where  significant ground preparation  provides a favorable structural setting for hanging wall splay veins analogous to the historical ‘Bonanza’ stope  at the Providence mine first stope at surface alone produced 50,000 ounces. Ron Coombes states, ‘exploration efforts have modelled potential for robust significant high grade gold targets’.

All securities issued will be subject to a hold period of four months and one day from the closing date of the private placement, in accordance with applicable Canadian securities laws.

Qualified Person

Lee Groat Ph.D., P. Geo, a geologist and qualified person (as defined under NI 43-101) has read and approved of the technical information contained in this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange accepts responsibility for the adequacy or accuracy of this release

ON BEHALF OF THE BOARD

‘Ronald Coombes’

Ronald Coombes, President & CEO

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

previous post
Lundin Mining and BHP Close Filo Acquisition, Launch Vicuña Joint Venture
next post
Comer requests Trump DOJ prosecute James Biden for making ‘false statements’ during impeachment inquiry

You may also like

Placement of Shortfall and Cleansing Notice

February 26, 2025

Element79 Announces Payment Extension Agreement for Lucero Project

December 24, 2024

Keith Weiner: Gold, Silver in Bull Markets —...

August 13, 2025

Top 5 Junior Copper Stocks on the TSXV...

July 20, 2024

Skyharbour Expands Uranium Exploration Portfolio to Over 616,000...

July 30, 2025

Crypto Market Recap: Trump’s Truth Social Moves to...

June 4, 2025

Silver Crown Royalties

August 1, 2024

Trillion Energy Announces CEO Retirement and New Management...

January 4, 2025

Fury Gold Mines Advances Québec Precious Metals Acquisition

March 28, 2025

Eric Nuttall: Oil vs. Natural Gas Stocks, Plus...

May 15, 2025

Recent Posts

  • Bernie Sanders calls for RFK Jr. to resign as HHS secretary over vaccine policies: ‘Rally the American people’
  • Top Senate Republican ready to go nuclear, ‘roll over’ Democrats with rule change to confirm Trump nominees
  • Altech Batteries LtdCERENERGY Battery 46.7M Euro German Grant Approval
  • Altech – CERENERGY Battery 46.7M Euro German Grant Approval
  • Locksley Resources LimitedStrengthens Leadership to Accelerate Growth Strategy

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (903)
    • Investing (2,877)
    • Politics (3,527)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.