Peterson McVicar Acts for Angus Gold in $5.8 Million Strategic Private Placement with Delbrook Capital and New Gold
On June 30, 2022 ANGUS GOLD INC. (“Angus” or the “Company”) announced that it has closed its previously announced non-brokered private placement (the “Offering”) consisting of the sale of 5,057,000 flow-through common shares of the Company (“FT Shares”) at a price of CAD$1.15 per FT Share for total gross proceeds of CAD$5,815,550.
In connection with the Offering, funds managed by Delbrook Capital Advisors Inc. (“Delbrook”), acquired 4,387,000 common shares of the Company (“Common Shares”) from subscribers to the Offering and now owns a total of 6,658,200 Common Shares representing 16.2% of the issued and outstanding Common Shares. New Gold Inc. (“New Gold”) exercised its participation right to maintain its pro-rata interest in the Company and purchased 600,000 Common Shares from subscribers to the Offering and now owns a total of 4,100,000 Common Shares representing 9.9% of the issued and outstanding Common Shares.
The gross proceeds of the Offering will be used to fund the Company’s exploration programs at the Golden Sky project in Ontario.
Angus Gold Inc. (TSX-V: GUS) is a Canadian mineral exploration company focused on the acquisition, exploration, and development of highly prospective gold properties. The Company’s flagship project is the Golden Sky Project in Wawa, Ontario.
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