- Steppe Gold (STGO) has announced a non-brokered private placement for approximately $9,000,000
- Steppe will use the proceeds to accelerate Phase 2 Expansion currently underway, to fund ongoing exploration and to support dual listing on Hong Kong Stock Exchange
- Steppe Gold is a precious metals exploration and development company focusing on opportunities in Mongolia
- Steppe Gold Ltd. stock (TSX:STGO) opened trading at C$1.15 per share
Steppe Gold (STGO) has announced a non-brokered private placement for approximately $9,000,000.
The company plans to issue common shares at $1.10 per common share.
Steppe will use the proceeds to accelerate the Phase 2 Expansion currently underway and to fund ongoing exploration. It will also use the proceeds to support the announced plans to pursue a dual listing on the Hong Kong Stock Exchange.
The company expects the private placement to close on or about May 2, 2023. The closing is subject to certain conditions and to the receipt of all necessary regulatory and other approvals.
The securities issued in connection with the private placement will be subject to a hold period of four months.
About Steppe Gold
Steppe Gold is a precious metals exploration and development company focusing on opportunities in Mongolia. The company’s projects include the Altan Tsagaan Ovoo Project (ATO Project) and Uudam Khundii property in Mongolia.
Steppe Gold Ltd. (STGO) opened trading at C$1.15 per share.