Goldseek Resources Inc (CSE:GSK) announced plans Friday to raise up to $850,000 in flow-through funds by way of a non-brokered private placement at $0.37 per unit, which includes a half- transferrable common share warrant for each share purchased.
Each whole warrant will entitle the holder to purchase one common share of the company at a price of $0.60 per share for a period of two years from closing. Goldseek said it will use the funds to continue exploration and development of its Quebec properties.
Goldseek Resources CEO Jon Deluce said in a statement: "We appreciate the continued support of our institutional shareholders as we position the company to benefit from being in the early stages of this gold bull market. We are well funded for continuous work programs through the end of 2021 to target grassroots discovery on our four projects. We continue to prepare for our December maiden drill program at our Bonanza Project (Urban Barry)."
READ: Goldseek Resources has the assets and team to make grassroots discoveries in some of Canada's best known mining camps
Goldseek Resources has four wholly-owned exploration projects in currently active Canadian gold camps: the Hemlo camp, the Detour Gold Trend, Urban Barry and Quevillon.
On November 3, 2020, the company announced that survey results from its Bonanza property in Quebec have defined new surface trenching and preliminary drill targets. Goldseek is planning an upcoming drill program at Bonanza that is expected to begin in December.
Contact Sean at email@example.com