Maybe it is the stresses of virus 19, but I am getting weary of the PP of Medgold. They claim a" track record of building value in resource companies," But where is the revenue from such companies. They keep searching, but no development completed to provide revenue.
" (TSXV:MED) announces that it proposes, subject to stock exchange approval, to complete a non-brokered private placement financing of up to 40 million units at $0.05 per unit, for proceeds of up to $2 million. Each unit will consist of one common share and one full warrant, each warrant entitling the holder to purchase one additional common share of the Company at $0.10 for three years from closing.
The Company may pay a finder's fee on a portion of the financing. The proceeds of the placement are intended to be used for further development of the Company's Tlamino Project in Serbia, and for general working capital purposes.
About Medgold Resources Corp.
Medgold is a TSX-V listed, gold exploration company targeting early-stage properties in the Balkan region. Run by an experienced management team with a successful track-record of building value in resource companies, Medgold is focused on growth through fast-paced exploration and resource definition in the prospective and under-explored Balkan region.
