15:26:21 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



Independence Gold Corp
Symbol IGO
Shares Issued 146,951,487
Close 2023-12-18 C$ 0.205
Market Cap C$ 30,125,055
Recent Sedar Documents

Independence Gold arranges $1-million financing

2023-12-19 11:38 ET - News Release

Mr. Randy Turner reports

INDEPENDENCE GOLD ANNOUNCES FINANCING OF UP TO $1 MILLION

Independence Gold Corp. has arranged an equity financing of up to a maximum of four million flow-through common shares. The FT shares will be offered at 25 cents for maximum aggregate proceeds of $1-million. Subject to compliance with applicable securities laws and the approval of the TSX Venture Exchange, finders' fees may be payable to eligible arm's-length persons with respect to certain subscriptions accepted by the company.

President and chief executive officer Randy Turner commented: "We are excited to be able to raise additional funds to further advance exploration at the 3Ts project. This financing, in addition to the recently completed $2.6-million financing, will give us the ability to explore targets outside of the known resource through more aggressive drill programs commencing in early 2024."

The proceeds from the sale of the offering will be used by the company to finance further exploration programs, including drilling, at the company's 3Ts property, located in central British Columbia.

Closing of the offering is expected before Dec. 31, 2023, and is subject to the receipt of applicable regulatory approvals, including the approval of the TSX-V. The securities issued will be subject to a four-month hold period.

We seek Safe Harbor.

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