TSX:GRC - Post Discussion
Post by
123buyholdhope on Apr 20, 2021 1:25pm
GRC - Fund raising
Gold Springs Resource Announces Non-Equity Financing Structure of up to US$20 Million to Fund Comprehensive Exploration Program at Gold Springs; Expects to Close First US$2 Million Tranche by the End of April https://www.goldspringsresource.com/site/assets/files/4716/grc_pr_2021_04_20_secured_rights_offering_sedar.pdf April 20, 2021, Vancouver, British Columbia— Gold Springs Resource Corp. (TSX: GRC, OTCQB: GRCAF) (the “Company”) is pleased to announce that it intends to complete an ongoing non-brokered private placement (the “Offering”) of up to US$20,000,000 comprised of a US$10,000,000 initial funding round of Series A Secured Rights (the “Series A Secured Rights”) and a subsequent US$10,000,000 second funding round of Series B Secured Rights (the “Series B Secured Rights” and together with the Series A Secured Rights, the “Secured Rights”). The Company expects to close a first tranche of the Offering (the “First Tranche”) by the end of the month, in the amount of US$2,000,000 Series A Secured Rights, with US$1,000,000 of the Series A Secured Rights being subscribed for by a director of the Company….
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