- Ophir Gold Corp. (OPHR) has completed the unit portion of its previously-announced non-brokered private placement
- The company issued 15,500,000 units of the company at a price of $0.10 per unit for gross proceeds of $1,550,000
- Net proceeds will be used for exploration work on the company’s Breccia Gold Property and general working capital purposes
- Ophir Gold Corp. is a gold exploration company focused on the exploration and development of its flagship property, the past-producing Breccia Gold Property located in Lemhi County, Idaho
- Ophir Gold Corp. opened trading at $0.14
Ophir Gold Corp. (OPHR) has completed the unit portion of its previously announced non-brokered private placement.
The company issued 15,500,000 units at a price of $0.10 per unit for gross proceeds of $1,550,000.
Each unit consists of one common share in the capital of the company and one common share purchase warrant of the company. Each warrant entitles the holder to purchase one additional common share at a price of $0.20 for a period of two years from the closing date of the offering.
All securities issued will be subject to a statutory hold period of four months.
Net proceeds will be used for exploration work on the company’s Breccia Gold Property and general working capital purposes.
Ophir Gold Corp. is a gold exploration company focused on the exploration and development of its flagship property, the past-producing Breccia Gold Property, located in Lemhi County, Idaho.
The company has the option to earn a 100-per-cent interest in the property over a three-year period from Canagold Resources Ltd. (formerly Canarc Resource Corp.) and DG Resource Management Ltd.
Ophir Gold Corp. opened trading at $0.14.