On June 19, 2018 Probe Metals Inc. (“Probe” or the “Company”) announced it had completed a private placement financing of 7,380,000 flow through units of the Company (“FT Units”) at a price of C$1.90 per FT Unit for gross flow-through proceeds of $14,022,000 and 8,377,566 non flow-through units of the Company (“Hard Units”) at a price of C$1.15 per Hard Unit for gross non flow-through proceeds of $9,634,200.90 (together, the “Underwritten Offering”). The Company has also completed a concurrent non-brokered placement of 900,000 Hard Units for gross proceeds of $1,035,000 (the “Non-Brokered Placement”). The aggregate proceeds from the Underwritten Offering and the Non-Brokered Placement (collectively, the “Offering”) total $24,691,200 for the sale of a total of 16,657,566 FT Units and Hard Units.


The gross proceeds from the Offering will be used to fund exploration on Probe’s projects in Québec and for working capital purposes.


Probe is a leading Canadian gold exploration company focused on the acquisition, exploration and development of highly prospective gold properties, including its key asset the Val-d’Or East Gold Project, Quebec.


Peterson McVicar acted for Probe Metals Inc. with a team that included Dennis Peterson and Peter Georgas.