Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Top 5 moments from Charlie Kirk’s memorial service...
Trump set to approve TikTok deal ensuring majority-American...
Harris is speaking. This time, she isn’t bending...
Hamas letter to Trump asks for 60-day ceasefire...
Trump must make UN funding conditional on real...
Democrats skip Charlie Kirk Arizona memorial after 58...
‘Due to overhelming support:’ Turning Point USA says...
Thune slams Democrats’ ‘cold-blooded partisan’ tactics as funding...
Macron stakes anti-Trump global role with Gaza initiative...
Trump assassination attempt suspect Ryan Routh questions first...
  • 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

Bold Ventures Announces Final Closing of Non-Brokered Private...

October 19, 2024

Low Cost Technology to be Trialed in DLE...

September 19, 2024

Stallion Uranium Announces Update to Previously Announced Technology...

August 1, 2025

Element79 Gold Announces Notice of Force Majeure on...

June 28, 2025

Stardust Power Acquires Site, Receives Key Permit And...

December 22, 2024

Silver Price Surges Above US$40 for First Time...

September 3, 2025

Election Edge: Navigating the Gold, Energy and Crypto...

November 6, 2024

Stallion Uranium Announces the Completion of Coyote Project...

July 14, 2025

Element79 Provides Updates on ASM Formalization and Progress...

January 1, 2025

5 Top Canadian Oil and Gas Dividend Stocks...

January 22, 2025

Recent Posts

  • Top 5 moments from Charlie Kirk’s memorial service in Arizona
  • Trump set to approve TikTok deal ensuring majority-American investor control: White House
  • Harris is speaking. This time, she isn’t bending to Biden’s bullies
  • Hamas letter to Trump asks for 60-day ceasefire deal to release half of hostages, sources say
  • Trump must make UN funding conditional on real reforms, ex-diplomat urges

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


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

    Categories

    • Business (927)
    • Investing (3,032)
    • Politics (3,709)
    • Stock (4)
    • About us
    • Contact 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 © 2025 Sightful Invest. All Rights Reserved.