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Gold Digger Resources Inc
Symbol GDIG
Shares Issued 14,359,000
Close 2024-05-16 C$ 0.34
Market Cap C$ 4,882,060
Recent Sedar Documents

Gold Digger closes $884,599 first tranche of financing

2024-05-16 15:34 ET - News Release

Mr. Allan Bezanson reports

GOLD DIGGER CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Gold Digger Resources Inc. has closed the first tranche of its previously announced non-brokered private placement for aggregate gross proceeds of $884,599.80 through the sale of 2,527,428 units of the company at a price of 35 cents per unit.

Each unit consists of one common share in capital of the company and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share at an exercise price of 50 cents for a period of 12 months from the date of issuance.

The company paid the following finders' fees to certain finders in connection with the first tranche of the offering: (i) an aggregate cash fee of $52,647.00; and (ii) an aggregate of 127,120 common share purchase warrants of the company, with each finder warrant exercisable to acquire one common share at a price of 50 cents for a period of 12 months from the date of issuance.

The company intends to use the net proceeds of the offering for exploration expenditures and general working capital purposes.

In accordance with applicable securities laws, the securities offered pursuant to the offering are subject to a statutory hold period of four months and one day from the date of issuance.

About Gold Digger Resources Inc.

Gold Digger Resources is an early-stage mineral resource exploration company. The company's material property is the Regnault project, consisting of 71 contiguous mineral claims covering an area of approximately 3,678 hectares located north-northeast of Chibougamau in the province of Quebec. Additionally, the company has entered into a share purchase agreement dated March 5, 2024, with Premium Uranium Corp., each of its shareholders and UA92 Pty. Ltd., pursuant to which the company expects to acquire a mineral property comprising several prospecting licences in the Republic of Botswana. The acquisition is subject to customary closing conditions, including obtaining the applicable third party, corporate and regulatory approvals as well as the satisfactory completion of due diligence by the company.

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