Grande Portage Raises $3.8 Million In Private Placement

Grande Portage Resources (TSXV: GPG) yesterday announced the closing of their previously announced financing. The financing saw the company raise total proceeds of $3.8 million via series of tranches.

Under the terms of the financing, a total of 7.8 million units of the company were sold at a price of $0.48 per unit. Each unit contained one common share and one half of a common share purchase warrant. Each warrant is valid for a period of two years from the date of issuance and contains an exercise price of $0.72 per share.

Proceeds from the offering are to be used for exploration activities at the firms Herbert Gold project in Alaska, as well as for general corporate purposes.

Grande Portage Resources last traded at $0.71 on the TSX Venture.


FULL DISCLOSURE: Grande Portage Resources is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Grande Portage Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

Antimony Resources Drills 5.27% Sb Over 4.95 Metres In Latest Results

Nord Precious Metals Identifies 29 Veins At Castle East Following 3D Modeling

Related News

Great Bear Expands Ongoing Exploration Program To Five Drill Rigs

Great Bear Resources (TSXV: GBR) has returned to normal operations despite the ongoing pandemic. The...

Monday, July 13, 2020, 08:15:43 AM

Independence Gold Drills 4.48 G/T Gold, 61.64 G/T Silver Over 36.15 Metres At 3Ts Project

Independence Gold Corp. (TSXV: IGO) announced today the drilling results from three drills of the...

Tuesday, June 29, 2021, 10:23:00 AM

Great Bear Intersects 10.1 G/T Gold Over 34.85 Metres In Latest Results At LP Fault

Great Bear Resources (TSXV: GBR) this morning released additional drill results from the ongoing drill...

Wednesday, January 20, 2021, 08:41:05 AM

Montage Gold Sees Resource Estimate Improved To 3.16 Million Ounces At 0.80 G/T Gold

Montage Gold Corp (TSXV: MAU) this morning released an updated inferred mineral resource estimate for...

Thursday, January 28, 2021, 07:32:38 AM

Gold Production In Costa Rica – The Daily Dive feat Ryan Jackson

Today on the Daily Dive, host Cassandra Leah sits down with Ryan Jackson, CEO of...

Monday, November 23, 2020, 01:00:00 PM