VANCOUVER, BC, Dec. 27, 2023 /CNW/ -
1911 Gold Corp. is pleased to announce that it has closed its previously announced non-brokered private placement , raising gross proceeds of $3,900,000, with Eric Sprott investing $1,000,000 for a 12.4% ownership position in the Company. The Offering was comprised of a combination of: 51,562,500 non-flowthrough units of the Company at $0.06 per Unit for total proceeds of $3,093,750, each Unit consisting of one common share of the Company and one warrant , with each Warrant exercisable to purchase one common share of the Company at $0.10 per Warrant Share for 24 months from the closing date of the Offering; 2,260,715 flowthrough units of the Company at $0.07 per FT Unit for total proceeds of $158,250, with each FT Unit comprised of one com...