QualityStocksNewsBreaks – Augusta Gold Corp. (OTCQB: AUGG) (CSE: G) (FSE: 11B) Announces Closing of Private Placement, Gross Proceeds Total C$17 Million
Augusta Gold Corp. (OTCQB: AUGG) (CSE: G) (FSE: 11B) has closed on its nonbrokered private placement, a move that resulted in gross proceeds of approximately C$17 million for the company. Announced earlier, the placement included 7.56 million units, which were sold at C$2.25 per unit. Each unit in the private placement was made up of one common share of the company and one-half of one common share purchase warrant, with each full warrant enabling the holder to acquire an additional common share over the next three years, at an exercise price of C$2.80. The company noted that it intends to use the net proceeds from…