Press Release - PHD Press Release from earlier today that stockhouse seems to have misplaced, so here it is.
Private Placement announcement at 2:07 pm today
After market trade by Canaccord at .05 of 1.491 million shares at the Private Placement announced share value....
Made me smile to be sure
Cheers folks
...........
Providence Gold arranges $1.8-million private placement
2024-11-14 14:07 ET - News Release
Mr. Ronald Coombes reports
PROVIDENCE ANNOUNCES FINANCING PLACEMENT
Providence Gold Mines Inc. has arranged a private placement of up to $1.8-million for 36 million units at five cents per unit. Each unit will comprise one common share and one non-transferable warrant exercisable into one common share of the company at a price of nine cents for a period of two years from the date of closing. Insiders of the company are planning to participate in the financing. A finder's fee may be paid in accordance with applicable laws.
Use of proceeds
The funds from this placement will be used for evaluation of the new gold surface discovery reported for reference on May 6, 2024, and for a significant drilling program of up to 2,500 metres (m) targeting the historical McCarthy and Mexican shafts, as well as an area north of the Mexican shaft where significant ground preparation provides a favourable structural setting for hangingwall splay veins analogous to the historical Bonanza stope at the Providence mine first stope at surface alone produced 50,000 ounces. Ron Coombes states, "Exploration efforts have modelled potential robust significant high grade gold targets."
All securities issued will be subject to a hold period of four months and one day from the closing date of the private placement, in accordance with applicable Canadian securities laws. The closing of the financing is subject to the approval of the TSX Venture Exchange.
Board appointment
In addition, the company is extremely pleased to announce the chief financial officer and director appointment of Brian Crawford, CPA, CA.
Mr. Crawford, CPA, CA, has extensive experience as a senior financial executive. Mr. Crawford was formerly a partner with a national firm of Chartered Professional Accountants and founded several public companies trading on the TSX Venture Exchange and the Canadian Securities Exchange. Mr. Crawford currently serves as a director, corporate secretary and or chief financial officer of several TSX Venture Exchange- and Canadian Securities Exchange-listed issuers.
Qualified person
Lee Groat, PhD, PGeo, a geologist and qualified person (as defined under National Instrument 43-101) has read and approved of the technical information contained in this news release.