Highway 50 Gold Corp. Announces $3.5 Million Private Placement

Highway 50 Gold ( (TSE:HWY) ) just unveiled an announcement.

Highway 50 Gold Corp. announced a non-brokered private placement to raise up to $3.5 million by issuing units consisting of common shares and warrants. The funds will be used for claim maintenance, a drill program at the Gold Knob project, and general working capital. The offering is subject to exchange acceptance, and insiders plan to participate, which is considered a related party transaction. The securities will be subject to a four-month hold period, and finder’s fees may be paid to arm’s length finders.

More about Highway 50 Gold

Highway 50 Gold Corp. is a mineral exploration stage company focused on projects in Nevada. The company is led by a team of experienced explorers and mine finders, utilizing over 35 years of experience to refine their exploration strategies based on breakthroughs in understanding north-central Nevada’s crustal architecture.

Average Trading Volume: 16,317

Technical Sentiment Signal: Buy

Current Market Cap: C$8.55M

For a thorough assessment of HWY stock, go to TipRanks’ Stock Analysis page.