Gossan Resources Limited: Gossan Completes $396,000 Private Placement
Gossan Resources Limited (TSXV: GSS) (FSE: GSR) (Xetra: GSR) (the "
Company") has completed a non-brokered private placement offering (the "
Offering") of 6,600,000 units ("
Units") of the Company at a purchase price of $0.06 per Unit, for aggregate gross proceeds of $396,000. Each Unit consists of one common share ("
Common Share") in the capital of the Company and one Common Share purchase warrant (a "
Warrant") of the Company. Each Warrant is exercisable to acquire one Common Share at a price of $0.08 until December 21, 2021; and thereafter, at a price of $0.12 until expiry on December 21, 2022.
The net proceeds from the Offering will be used for general corporate and working capital purposes. All securities issued in connection with the Offering are subject to a statutory hold period of four months and one day from the closing date, expiring on June 25, 2021. The offering is subject to receipt of final acceptance of the TSX Venture Exchange.