Gross Proceeds to be Used to Expand the Mineable Resource at the Bradshaw Gold Deposit and to Further Test the NTGP Area
Gowest Gold Ltd. is pleased to announce that it has upsized its previously announced non-brokered private placement of flow-through units of the Corporation and completed an initial closing of the Offering. The original Offering size has been increased from $800,000 to up to a maximum of $1,100,000. Pursuant to the initial closing of the Offering, the Corporation issued and sold an aggregate of 7,619,047 FT Units at a price of $0.105 per FT Unit for aggregate gross proceeds of $800,000. Subject to demand, the Corporation may issue and sell up to an additional 2,857,143 FT Units pursuant to one or more further closings of the Offering, for additional gross p...