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Probe Gold Inc (Pre-Merger) V.PRB


Primary Symbol: T.PRB Alternate Symbol(s):  PROBF

Metals & Mining Gold
Probe Gold Inc. is a Canadian gold exploration company focused on the acquisition, exploration, and development of highly prospective gold properties. The owns 100% of its flagship asset, the multimillion-ounce Novador Gold Project in Quebec, as well as an early-stage Detour Gold Quebec project. The Company holds a large land package of approximately 1685-square-kilometres of exploration ground within some of the prolific gold belts in Quebec. Its Casa Cameron Project includes the Casagosic, Sinclair-Bruneau and Florence properties, which are located north of the towns of La Sarre, Amos and Lebel-sur-Quevillon, northwest region in Quebec. It also holds three properties in the James Bay Lowlands area of northern Ontario, Canada: the Black Creek Property, the Tamarack-McFauld’s Lake Property, and the Victory Property. The Company has a 50/50 joint venture with Pan American Silver on the Meunier-144 property. It also owns McKenzie Break and Beaufor properties.


TSX:PRB - Post by User

Probe Gold Inc (Pre-Merger) > Why are they raising more money?
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Post by mining23on May 31, 2022 11:00am
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Post# 34720037

Why are they raising more money?

Why are they raising more money? Can anyone shine some light as to why they would be raising more money with this private placement? Dont they have close to 25mil in the bank? 
I assume we all believe that a buyout is coming in the near future, why take this on ? 
Thanks 
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