RE:Well, well, well,.... 'things' just got interesting!!!! GETaLONG
I presume you are refering to this N/R that came out at 3:58 P.M..
Nice timing 2 min. to close GoldON arranges $1M private placement with Sprott
2020-12-07 15:58 ET - News Release
Mr. Michael Romanik reports
GOLDON ARRANGES FINANCING WITH ERIC SPROTT
GoldON Resources Ltd. has arranged a non-brokered private placement of 1,111,111 common share units at a price of 90 cents per unit with Eric Sprott to raise approximately $1-million in gross proceeds. Each unit will consist of one common share and one non-transferable share purchase warrant entitling the holder to purchase one additional common share of the Company at a price of $1.35 per share for a period of two years from the closing date.
Completion of this financing is subject to TSX Venture Exchange acceptance. All securities issued pursuant to this offering will have a hold period expiring four months after the closing date.
The Company will use the net proceeds of this financing to fund the Phase II drilling program in progress at its West Madsen Project in the heart of the Red Lake Gold Camp and for general working capital purposes.Figure 1: Looking NE from West Madsen Block A toward the Pure Gold Red Lake Mine ProjectTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/7436/69679_47dcc9a5e46f688b_001full.jpg