Gold79 Mines Secures $6.11M in Oversubscribed Private Placement for Gold Projects | AUSVF Stock News
Summary
Gold79 Closes Oversubscribed Final Tranche of Upsized Private Placement for Gross Proceeds of $6,110,000Ottawa, Ontario--(Newsfile Corp. - November 22, 2024) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") is pleased to announce the closing of the final tranche of its previously announced non-brokered private placement financing (the "Offering"), raising aggregate gross proceeds of hrough the issuance of 24,440,002 units at per unit. Subscribers will be notified of the call provision being triggered and will have a 30-day period to exercise the warrants.The warrants contain provisions that prohibit the exercise by the holder, together with its affiliates, which would result in the holder, together with its affiliate, beneficially owning in excess of of the issued and outstanding common shares of the Company immediately after giving effect to such exercise of the warrant.Details of the first tranche closing of the Offering were included in Gold79s press release dated October 10, 2024 and details of the second tranche closing of the Offering were included in Gold79s press release dated November 18, 2024.No finder fees were paid in connection with the final tranche of the Offering. Gold79 is focused on establishing a maiden resource at its Gold Chain project in Arizona and advancing its Tip Top Project in Nevada.This press release may contain forward-looking statements that are made as of the date hereof and are based on current expectations, forecasts and assumptions which involve risks and uncertainties associated with our business including the proposed transaction with Bullet Exploration Inc., any future private placements, the uncertainty as to whether further exploration will result in the target(s) being delineated as a mineral resource, capital expenditures, operating costs, mineral resources, recovery rates, grades and prices, estimated goals, expansion and growth of the business and operations, plans and references to the Companys future successes with its business and the economic environment in which the business operates. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Gold79 does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO U.S NEWS WIRE SERVICESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/231114