Post by
2008run on Jun 14, 2021 11:02am
NO ROLLING STALL BUT MORE DILUTION OVER AND OVER AGAIN
NO SURPRISE
GRANADA CLOSES $1,000,000 FLOW-THROUGH PRIVATE PLACEMENT
June 9, 2021: Rouyn Noranda, QC - Granada Gold Mine Inc. (TSXV: GGM) (the “Company” or “Granada”) is pleased to announce that the Company has closed a flow-through private placement financing raising gross proceeds of $1,000,000. The Company has issued 5,714,285 flow-through shares at a price of $0.175 per flow-through share, subject to TSX Venture Exchange (“Exchange”) approval.
GloRes Securities Inc., the lead finder for the financing, was paid $70,000 in cash and 300,000 finder’s warrants. An additional 100,000 finder warrants were also paid. Each finder warrant is exercisable at $0.175 per share for two years from closing. The finder’s fees paid in connection with the private placement are subject to Exchange approval.
All securities issued in connection with the private placement are subject to a four-month and a day hold period expiring on October 10, 2021, in accordance with applicable Securities Laws.
The proceeds of the flow-through Private Placement will be used for surface exploration, trenching, and historical resampling of drill core on the Company’s Granada Gold Property in Quebec.
Comment by
toorisky29 on Jun 14, 2021 7:53pm
nobody is left in this... might as well sell for a loss.. but the shares are so low there isnt much use of it
Comment by
diabase1 on Jun 22, 2021 6:14pm
Not too shabby!!! Granada Gold Intersects 12.61 g/t Gold Over 16.5 Meters and 3.49 g/t Gold Over 30.5 Meters Within a Greater 1.33 g/t Gold Over 273.75 Meters Drill Hole From Surface
Comment by
toorisky29 on Jun 22, 2021 10:50pm
Well see about that... we shall see soon