"Private Placement Funds Gold Company Through 2025" Insightful article on a Canadian junior gold development company, Goldshore Resources (GSHR.v GSHRF), by Streetwise Reports: https://www.streetwisereports.com/article/2023/11/10/private-placement-funds-gold-company-through-2025.html
Last week, GSHR announced that it has closed its previously announced private placement for aggregate gross proceeds of $3.75M, set to fully fund development through 2025.
The net proceeds will be allocated towards the continued advancement of the Moss Gold Project, through the development of a new resource model and new mineral resource estimation to ultimately be factored into a preliminary economic assessment.
"With 80,000 meters of drilling completed and $48 million spent directly in the ground defining the current MRE; Goldshore is well positioned to achieve meaningful project milestones over the next 24 months with minimal cash expenditures and within the net proceeds and current cash balances of the Company."