Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Advance Lithium Corp V.AALI.H

Alternate Symbol(s):  ADGCF

Advance Lithium Corp. is a Canada-based junior exploration company. The Company is focused on acquisition and exploration of mineral properties, which contain precious metals, battery metals and fertilizer minerals. It is engaged in the exploration and evaluation of mineral property interests. Company has 13 lithium-potassium-boron salary and a research and development (R&D) lab in central Mexico. Its Advance Lithium Salars include La Doncella, Maxy, Hernandez, El Cristalillo, Las Casas, Salitral, Saldivar, Agrito, La Prieta, Chapala, El Perdido, El Barril and Colorada. The Company holds 100 % interest in the Tabasquena silver mine, which is located in Zacatecas, Mexico and Venaditas project, which is located in Zacatecas state. It also holds 100 % interest in the Sarape epithermal gold project in Mexico. Sarape epithermal gold project is 57 square kilometers. Its Bathurst mining camp project has a land package of 170 square kilometers.


TSXV:AALI.H - Post by User

Post by knoxton Aug 10, 2020 8:21pm
147 Views
Post# 31390339

News

News

 

ORIGINAL: CORRECTION FROM SOURCE: Advance Gold Closes Private Placement

 

2020-08-10 18:12 ET - News Release

 

Kamloops, British Columbia--(Newsfile Corp. - August 10, 2020) - Advance Gold Corp. (TSXV: AAX) ("Advance Gold" or "the Company") is pleased to announce that it has filed documents with the TSX Venture Exchange to close its previously announced private placement financing (see July 20, July 22, and July 28, 2020 news releases). Subject to the receipt of all regulatory approvals, the Company will issue 7,200,000 Units, each Unit consisting of 1 common share and 1 common share purchase warrant, each warrant being exercisable at $0.12 until July 28, 2022, for gross proceeds of $720,000. Proceeds from the financing will be used to fund drilling at the Tabasquena project near Ojocaliente, Mexico and for general corporate purposes.

Shares acquired by the placees are, and shares which may be acquired upon the exercise of the share purchase warrants will be, subject to a hold period until November 29, 2020, in accordance with applicable securities legislation. The proceeds of the private placement will be used by the Company to advance the Tabasquena project and for general corporate purposes.

About Advance Gold Corp. (AAX.V)

Advance Gold is a TSX-V listed junior exploration company focused on acquiring and exploring mineral properties containing precious metals. The Company acquired a 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico in 2017, and the Venaditas project, also in Zacatecas state, in April 2018.

The Tabasquena project is located near the Milagros silver mine near the city of Ojocaliente, Mexico. Benefits at Tabasquena include road access to the claims, power to the claims, a 100-metre underground shaft and underground workings, plus it is a fully permitted mine.

Venaditas is well located adjacent to Teck's San Nicolas mine, a VMS deposit, and it is approximately 11km to the east of the Tabasquena project, along a paved road.

In addition, Advance Gold holds a 12.59% interest in strategic claims in the Liranda Corridor in Kenya, East Africa. The remaining 87.41% of the Kakamega project is held by Barrick Gold Corporation.

For further information, please contact:

Allan Barry Laboucan,
President and CEO
Phone (604) 505-4753

www.advancegold.ca

<< Previous
Bullboard Posts
Next >>