Peterson McVicar Acts for Angus Gold in $3,297,000 Private Placement
On February 22, 2021 Angus Gold Inc. (“Angus” or the “Company”) announced a non-brokered private placement consisting of 2,800,000 flow-through shares of the Company (“FT Shares”) at a price of C$1.00 per FT Share and 700,000 hard dollar shares of the Company (“Hard Shares”) at a price of C$0.71 per Hard Share for aggregate gross proceeds of C$3,297,000 (the “Financing”).
The net proceeds from the Financing will be used to fund exploration on the Company’s projects in Ontario and for working capital purposes.
Angus Gold is a Canadian gold exploration company with a 234-square-kilometres land package located in north-central Ontario approximately 50 kilometres west of the town of Wawa and lies between Wesdome Gold Mines’ two producing mines.
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