Providence Gold Mines (PHD)

[ET2010]

Bullish Bullish BullIish !!
Attention to PHD, No warrants is unusual and very bullish!!

Providence Gold Announces Non-Brokered Private Placement of up to $600,000 Closing first tranche of $200,000
V.PHD | 12 hours ago
(TheNewswire)
VANCOUVER - TheNewswire – June 29, 2021, Providence Gold Mining Inc. (“Providence” or the “Company”) (TSXV:PHD) (OTC:PRRVF)is pleased to announce a non-brokered private placement offering (the “Private Placement”) of up to 8,571,500 common shares of the Company at a price of $0.07 per common share to raise gross proceeds of up to $600,000. The Company is pleased to announce it is closing the first tranche in the amount of $200,000 for an aggregate amount of 2,857,143 common shares.

Certain insiders of the Company are participating in the amount of $162,000 to acquire 2,314,286 common shares under the Private Placement Net proceeds from the Private Placement will be primarily used towards advancing the Company’s Providence Gold Project located nearby the city of Sonora California and for general working capital purposes.

The Company is planning to begin opening up three new discoveries starting the second week of July, and as such, the private placement will be closed before this planned work commences.

Finders’ fees may be payable in connection with the Offering and those qualified persons involved as finders will receive a cash fee of up to 6% cash and 6% brokers warrants of the proceeds raised.

Closing of the Private Placement is subject to all necessary regulatory approvals including acceptance from the TSX Venture Exchange. All securities issued in connection with the Private Placement will be subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.