Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Dem senator plows ahead with war powers resolution...
House conservatives go to war with Senate over...
FBI launches probes into 3 children’s hospitals for...
Trump’s big achievement in bombing Iran, still slammed...
US airstrikes leave a mark on Iran’s nuclear...
Trump thanks Jeb Bush for strong praise of...
Russian official says Moscow has ‘no intention’ of...
Top DOJ official faces test in Senate over...
Trump says US would strike again if Iran...
Louisiana mom warns ‘half of what we’re working...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Providence Extends Private Placement

by admin March 29, 2025
March 29, 2025
Providence Extends Private Placement

(TheNewswire)

March 28, 2025 TheNewswire – Vancouver, BC – Providence Gold Mines Inc. (‘the Company’), The Company is pleased to announce that it has been granted an extension of its previously announced Private Placement (November 20, 2024, December 6, 2024, January 16, 2025 and February 14 th 2025) until April 30,2025. As announced, a placement of up to $1,800,000 Cdn for 36,000,000 units at $0.05 per unit is underway. 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 Company closed the first tranche of the placement on December 6, 2024, issuing 1,500,000 units for gross proceeds of $75,000 CAD. An officer of the Company participated for the full amount of $75,000 CAD.

USE OF PROCEEDS

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 alone produced 50,000 ounces. Ron Coombes states, ‘exploration efforts have modelled potential for several robust 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

FOR FURTHER INFORMATION PLEASE CONTACT:

Ronald Coombes

Mobile: 1- 604- 724-2369

rcoombesresources@gmail.com

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

previous post
Editor’s Picks: Gold Hits New High, Silver Squeeze 2.0 Next Week?
next post
Crypto Market Recap: UAE Readies Digital Dirham CBDC, UK Tightens Crypto Oversight

You may also like

Crypto Market Recap: SEC Dismisses Coinbase Case, Crypto...

February 24, 2025

Strong Search and Cloud Revenues Propel Alphabet Past...

July 25, 2024

Copper and Consequences: US Tariffs Stir Uncertainty in...

April 15, 2025

Equinox Gold Opens 400,000 Ounce Greenstone Mine in...

August 31, 2024

CSE Bulletin: Suspension – Green River Gold Corp.

April 2, 2025

Silver47 Exploration

November 12, 2024

Funding the Energy Transition: The Role of Public...

March 25, 2025

SSR Mining Plans Restart of Seabee Gold Operations...

September 26, 2024

Approval to Mobilise and Commence

October 16, 2024

Willem Middelkoop: Gold to Benefit as Chaos Rises,...

March 12, 2025

Recent Posts

  • Dem senator plows ahead with war powers resolution despite ceasefire
  • House conservatives go to war with Senate over Trump’s ‘big, beautiful bill’
  • FBI launches probes into 3 children’s hospitals for alleged genital mutilation of minors
  • Trump’s big achievement in bombing Iran, still slammed by critics – as he suggests ‘regime change’
  • US airstrikes leave a mark on Iran’s nuclear sites, Maxar satellite images reveal

    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 (798)
    • Investing (2,389)
    • Politics (2,970)
    • 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.