American Pacific Secures $4.5M in Private Placement

American Pacific Mining Corp (TSE:USGD) has released an update.

American Pacific Mining Corp has announced the completion of its fully subscribed non-brokered private placement, which aims to raise $4.5 million through the sale of 22.5 million units. The proceeds from this offering, expected to close by April 16, 2024, will be allocated to the exploration and development of the company’s flagship projects, including the Palmer Project and Madison Project, as well as for general corporate purposes. The securities offered will not be subject to the standard hold period in Canada, facilitating immediate trading by investors.

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